The total payroll of Bonita Company for the month of October, 2017 was $1060000, of which $170000 represented amounts paid in excess of $118500 to certain employees. $597000 represented amounts paid to employees in excess of the $7300 maximum subject to unemployment taxes. $170000 of federal income taxes and $18200 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 Bonita record as payroll tax expense?

$76670.

$81090.

$87470.

$96460.