The Federal Unemployment Tax Act (FUTA) specifies that an employer pay 6% unemployment tax on the first $7000 of earned income per employee. If the employer pays into a state unemployment insurance program, they will receive a 5.4% credit. The after-credit FUTA tax rate is therefore 0.6%. If a business has 50 employees, who each earn more than $7000 per year in wages, what is the business's yearly FUTA tax payment? FUTA tax payment = $ [?] Round to the nearest hundredth.​