Item43

2.6points

Time Remaining 21 minutes 19 seconds

00:21:19

Item 43

Item 43 2.6 points

Time Remaining 21 minutes 19 seconds

00:21:19

An employee earned $62,100 during the year working for an employer. The FICA tax rate for Social Security is 6.2% of the first $128,400 of employee earnings per calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. What is the amount of total unemployment taxes the employee must pay?

Multiple Choice

• $0.00

• $56.00

• $434.00

• $378.00