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Hamilton Company pays employees monthly. Payroll information is listed below for January 2020, the first month of Hamiltons fiscal year. Salaries $ 60,000 Federal income

Hamilton Company pays employees monthly. Payroll information is listed below for January 2020, the first month of Hamiltons fiscal year.

Salaries

$ 60,000

Federal income taxes

7,920

State income taxes

2,570

Employees retirement benefits

2,000

Federal unemployment tax rate

0.60%

State unemployment tax rate

5.40%

Social Security tax rate

6.20%

Medicare tax rate

1.45%

Employers portion of retirement benefits

70%

How much would Hamilton credit Salaries Payable for in the January 2020 pay period for all of the withholding from employees?

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