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federal income tax rate is 24%. How much estimated tax (in \$) must Marc send to the IRS each quarter? The SUTA rate for Thomson Temp Agency is 5.4% and its FUTA rate is 6% less the 5.4% SUTA credit. If its semimonthly payroll is $137,320 and none was for payments to employees in excess of the $7,000 wage base, then what are the total FUTA and SUTA taxes (in $ ) for the payroll? SUTA tax \$ FUTA tax $ Total tax $ National Storage employs 88 workers with a gross monthly payroll of $139,000. Fringe benefits are 8.6% of payroll for a profit sharing plan and $9.23 per employee for life insurance. What percent of payroll is the total cost of fringe benefits? Round your answer to the nearest tenth of a percent. %