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?

The amount of unemployment taxes the employer must pay on this employee's wages for the current period is $72.00

Explanation:

Amount of unemployment taxes

= FUTA tax + SUTA tax

= ($7000 - $5800)*0.6% + ($7000 - $5800)*5.4%

= $7.20 + $64.80

= $72.00

Therefore, The amount of unemployment taxes the employer must pay on this employee's wages for the current period is $72.00

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