QUESTION 7 0.5 point LO1 Palco Co., which has a taxable payroll of $1,200,000, is subject to FUTA tax of 6.2% and a state contribution rate of 5.4%. However, because of stable employment experience, the company's state rate has been reduced to 2%. What is the total amount of federal and state unemployment for Palco Co2 348,000 598 400 $139,200 $3.600