Ricardo's Mexican Restaurant incurred salaries expense of $65,000 for 2016. The payroll expense includes employer FICA (6.2% for Social Security and 1.45% for Medicare) tax, in addition to 5.6% state unemployment tax and 0.6% federal unemployment tax. Of the total salaries, $17,000 is subject to unemployment tax. Also, the company provides the following benefits for employees: health insurance (cost to the company, $2,060), life insurance (cost to the company, $350), and retirement benefits (cost to the company, 7% of salaries expense). What is the total amount of Payroll Taxes and Benefits Expense Ricardo's should record