1. Qwan Company's payroll for the year is $737,480. Of this amount, $461,740 is for wages paid in excess of $7,000 to each individual employee. The SUTA rate in Qwan Company's state is 2.9% on the first $7,000 of each employee's earnings. Compute:

   Round your answers to the nearest cent.

   a. Net FUTA tax
   b. Net SUTA tax
   c. Total unemployment taxes

For this textbook edition the rate 0.6% was used for the net FUTA tax rate for employers.