Advanced Computer Repair incurred salaries expense of $83,000 for 2024. The payroll tax expense includes employer FICA tax, state unemployment tax and federal unemployment tax. Yeartodate earnings do not exceed $132,900. Of the total salaries, $10,900 is subject to unemployment tax. Currently, state unemployment tax is 5.4% and federal unemployment tax is 0.6%. Also, the company provides the following benefits for employees: health insurance (cost to the company, $2,500), life insurance (cost to the company, $820), and retirement benefits (cost to the company, 6% of salaries expense). What is the amount of the employer provided benefits for the year?

A.

$7,480.00

B.

$15,303.50

C.

$8,300.00

D.

$7,003.50