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 $2,970 in the current period and had cumulative pay for prior periods of $5,940. What is the amount of unemployment taxes the employer must pay on this employee's wages for the current period? Multiple Choice $420.00 $356.40. $63.60. $178.20. $0.00