Russell Company has three employees. Its payroll information is given below. Employee Earnings Prior to October October Earnings Jim Miller Susan Davis Donald Wood $ 78,400 3,110 6,030 $ 10,850 1,010 1,350 Assume that the following tax rates are currently in effect. Tax Rate Ceiling FICA: OASDI 6.2% Medicare 1.45% $ 127,200 No ceiling 7,000 7,000 FUTA 0.6% SUTA 5.4% (The table shows the effective FUTA rate after state credit.) Required: Compute Russell Company's payroll tax expense for October. Note: Round your answer to the nearest cent. Payroll Tax Expense