Gary Marks is paid on a monthly basis. For the month of January of the current year, he earned a total of $8.438. 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 Medicare is 145% of all earnings. The Federal Unemployment Taxes (FUTA) tax rate is 06%, 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. The amount of Federal Income Tax withheld from his earnings was $1.400.07. What is the amount of the employer's payroll taxes expense for this employee? (Round your intermediate calculations to two decimal places) Multiple Choice $2,044,67 5255186 51065.51 $415079 $420.00