Pennsylvania Company has a monthly gross payroll (paid on the last day of each month) of $516,000, which is subject to unemployment taxes (Federal at 0.8% and State at 5.4%). All earnings are subject to 7.65% FICA tax (combined Social Security and Medicare). Federal income tax withholdings are 25%, and state income tax withholdings are 8% of total earnings.

Assuming no individual employee has reached the maximum limit for Social Security tax or for unemployment tax, which of the following is not true for the month ended January 31?

a) Pennsylvania Company will record a liability for Federal Unemployment Taxes of $4,128.

b) Pennsylvania Company will record a net payroll of $306,246.

c) Pennsylvania Company will record a liability for State Income Taxes of $41,280.

d) Pennsylvania Company will record a total liability for FICA Taxes of $39,474.