The following information summarizes payroll information for the month of January. o Gross salaries earned $200,000 o Federal and State Income Taxes Withheld $60,000 o 7.65% FICA Tax Rate (Social Security and Medicare) Federal and State Unemployment Tax Rate Based on the above, Salaries Payable will be calculated as o 5.5% and Payroll Tax Expense will be calculated as oa. Salaries Payable: $124,700 Payroll Tax Expense: $26,300 b. Salaries Payable: $113,700 Payroll Tax Expense: $26,300 c. Salaries Payable: $124,700 Payroll Tax Expense: $15,300 d. Salaries Payable: $113,700 Payroll Tax Expense: $15,300