A company assumes a federal unemployment rate of 0.8%, a state unemployment rate of 6%, a FICA tax rate of 7.65%, and a personal income tax rate of 20%. Employees pay 3% of their gross salaries for health insurance premiums, while the company pays double that rate for employees health insurance. If the company has $450,000 in total gross salaries and wages, how much should be credited to the salaries and wages payable account within the payroll entries? (Ch13)

4

	$281,475
	$450,000
	$346,500
	$312,075