Quirk Corp.'s payroll for the pay period ended October 31 is summarized as follows: ...
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Accounting
Quirk Corp.'s payroll for the pay period ended October 31 is summarized as follows:
AMOUNT OF WAGES SUBJECT TO PAYROLL TAXES
| Department Payroll | Total Wages | Federal Income Tax Withheld | FICA | Unemployment |
| Factory | $75,000 | $9,000 | $70,000 | $22,000 |
| Sales | $22,000 | $3,000 | $16,000 | $2,000 |
| Office | $18,000 | $2,000 | $8,000 | $0 |
| $115,000 | $14,000 | $94,000 | $24,000 |
Assume the following payroll tax rates:
FICA for employer and employee 7% each Unemployment 3%
What amount should Quirk accrue as its share of payroll taxes in its October 31 balance sheet?
Group of answer choices
$21,300.
$14,720.
$13,880.
$7,300.
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