Question: An employee earned $ 6 2 , 5 0 0 during the year working for an employer. The Federal Insurance Contributions Act ( FICA )

An employee earned $62,500 during the year working for an employer. The Federal Insurance Contributions Act (FICA) tax rate for Social Security is 6.2% of the first $137,700 of employee earnings per calendar year. and the Federal Insurance Contributions Act (FICA) tax rate for Medicare is 1.45% of all earnings. The current Federal Unemployment Taxes (FUTA) tax rate is 0.6%, and the State Unemployment Taxes (SUTA) tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. What is the amount of total unemployment taxes the employee must pay?Submi00:49:06Multiple Choice$434.00$378.00$0.00$56.00$101,50

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