Jackson Golf Park incurred salaries expense of $490,000 for the current year. 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, $50,000 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, $12,100), life insurance (cost to the company, $810), and retirement benefits (cost to the company, 9% of salaries expense). What is the amount of the employer payroll tax expense and benefits for the year?

A.

$56,200

B.

$40,485

C.

$97,495

D.

$57,010