Question:Assume that the totalsalary expenses for ABC company's employees are $15,500for the month of September 2017. It consists of:

• FICA Social Security taxes (6.2% of up to $118,500 of an employee's earnings): $2,170
• FICA Medicare/Medicaid Taxes (1.45% of earnings): $530
• Federal Income Taxes Withheld: $4,100
• State Income Taxes Withheld: $300
• Voluntary deductions( i.e., insurance prem, 401k, union dues...) $200
• Net pay (paycheck) ?

The employer ABC company is subject tothepayroll taxesas follows:

• FICA Social Security taxes - matching employee's portion
• FICA Medicare/Medicaid Taxes -matching employee's portion
• Federal Unemployment Tax - 0.8% of first $7,000 of an employee's earnings(No employee reached $7,000 of earnings yet.)
• State Unemployment Tax- 3% (rate varies in real world).

Employer ABC expects to send out the withheld amounts to various governments and others by Oct 15.

Questions:

1. How much is the ABC's payroll liabilities as of 9/30/2017?