In September Manson Paint Corporation began operations in a state that requires new employers of one or more individuals to pay a state unemployment tax of 3.5% of the first $7,000 of wages paid each employee.

An analysis of the company's payroll for the year shows total wages paid of $179,000. The salaries of the president and the vice president of the company were $18,000 and $14,200, respectively, for the four-month period, but there were no other employees who received wages in excess of $7,000 for the four months. Included in the total wages were $910 paid to a director who only attended director meetings during the year, $6,420 paid to the factory superintendent, and $1,820 in employee contributions to a cafeteria plan made on a pretax basisfor both federal and state.

In addition to the total wages of $179,000, a payment of $2,480 was made to Andersen Accounting Company for an audit it performed on the company's books in December. Compute the following and round your final answers to the nearest cent

What is the net FUTA tax?

What is the net SUTA tax?