TB MC Qu. 09-100 (Algo) The current Federal Unemployment Taxes (FUTA) tax rate... The current Federal Unemployment Taxes (FUTA) tax rate is 0.6%, and the State Unemployment Taxes (SUTA) tax rate is 5.4%. Both taxes are applied to the first $7,000 of an employee's pay. Assume that an employee earned total wages of $3,010 in the current period and had cumulative pay for prior periods of $6,020. What is the amount of unemployment taxes the employer must pay on this employee's wages for the current period? Multiple Choice $420.00. \$361.20. $58.80. $180.60. $0.00