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The current Federal Unemployment Taxes (FUTA) tax rate is 0.6%, and the State Unemployment Taxes...

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Accounting

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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 $2,950 in the current period and had cumulative pay for prior periods of $5,900. What is the amount of unemployment taxes the employer must pay on this employee's wages for the current period? Multiple Choice $42000 $35400 $66.00 517700 $000

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