TB MC Qu. 11-100 The current FUTA tax rate... The current FUTA tax rate is 0.6%, and the 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 $2,900 in the current period and had cumulative pay for prior periods of $5,800. What is the amount of unemployment taxes the employer must pay on this employee's wages for the current period? Multiple Choice. $420.00 $348.00