Gary Marks is paid on a monthly basis. For the month of January of the current year, he earned a to tal pf $9.088. Federal Insurance Contributions Act (FiCA) tax for Social Security is 6.2% on the first $137,700 of earnings each calendar year and the Federal Insurance Contributions Act (FICA) tax for Medioare is 1.45%. of all earnings. The 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 \$\$,000 of an empioyee's pay The amount of Federal Income Tax withheld from his earnings was $1.507.97. What is the amount of the employer's payroll taxes expense for this employee? (Round your intermediate calculations to two decimal places.) Multiple Choice $2,20230 $420.00 $2,748.49 $1,115.24 $1,240.52