Stadium Manufacturing would like to hire a new employee at a salary of $50,000. Assuming the payroll taxes are as described above (with unemployment taxes paid on the first $7,000) and fringe benefits (e.g., health insurance, retirement, etc.) are 30% of gross pay, what will be the total cost of this employee for Stadium?

Federal unemployment taxes of 0.80% and state unemployment taxes of 1.20% are payable on $274,000 of the wages earned.