For each of the following independent circumstances, calculate the FUTA tax owed by the employer:

NOTE:For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.

An employer in the U.S. Virgin Islands employs two individuals, whose taxable earnings to date (prior to the current pay period) are $920, and $5,150. During the current pay period, these employees earn $2,100 and $2,910, respectively.

FUTA tax =

(FUTA is 3.00% in Virgin Islands)