Roxy Co, Which Has a Taxable Payroll of $600,000, Is Subject

Multiple Choice

Roxy Co., which has a taxable payroll of $600,000, is subject to FUTA tax of 6.2% and a state contribution rate of 5.4%. However, because of stable employment experience, the company's state rate has been reduced to 2%. What is the total amount of federal and state unemployment tax for Roxy Co.?

A) $70,200
B) $49,200
C) $24,000
D) $16,800