At the end of the first quarter of 201X, you are asked to determine the FUTA tax liability for New Company. The FUTA tax rate is 0.6% on the first $7,000 each employee earns during the year (assuming 13 weeks for the first quarter and each employee earned the same gross weekly pay for all 13 weeks.) (Enter amounts to the nearest cent as needed.) (Click the icon to view the payroll information.) P. Franklin Z. Grande L. Steven Q. Watson Total Employee Gross Pay Per Week P. Franklin $ 710 Z. Grande 780 L. Steven 580 Q. Watson 430