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Question 8 of 40 < > View Policies Current Attempt in Progress The total payroll of Sunland Company for the month of October, 2020

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Question 8 of 40 < > View Policies Current Attempt in Progress The total payroll of Sunland Company for the month of October, 2020 was $840000, of which $190000 represented amounts paid in excess of $118500 to certain employees. $596000 represented amounts paid to employees in excess of the $7300 maximum subject to unemployment taxes. $190000 of federal income taxes and $17600 of union dues were withheld. The state unemployment tax is 1%, the federal unemployment tax is.8%, and the current F.I.C.A. tax is 7.65% on an employee's wages to $118500 and 1.45% in excess of $118500. What amount should Sunland record as payroll tax expense? O $64260. O $56872. O $76440. O $67672 Save for Later Attempts: 0 of 1 used Submit Answer

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