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An employee earned $ 4 , 6 3 0 in February working for an employer. Cumulative earnings of the previous pay periods are $ 4

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An employee earned $4,630 in February working for an employer. Cumulative earnings of the previous pay periods are $4,830. The Federal Insurance Contributions Act (FICA) tax rate for Social Security is 6.2% of the first $137,700 of earnings each calendar year and the Federal Insurance Contributions Act (FICA) tax rate for Medicare is 1.45% of all earnings. The current Federal Unemployment Taxes (FUTA) tax rate is 0.6%, and the State Unemployment Taxes (SUTA) tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. What is the amount the employer should record as payroll taxes expense for the month of February?
Multiple Choice
$585.70
$108.50
$354.20
$484.40
$231.50
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