Accounting question. Pls explain.

A company has the following year end payroll information:

	$
Gross salaries and wages	285,350
Income tax deducted	61,063
Employers' pension contributions	26,786
Employees' pension contributions	23,034

What is the company's total payroll cost for the year?

	$396,233
	$312,136
	$274,107
	$308,384