According to a payroll register summary of Frederickson Company, the amount of employees' gross pay in December was $875,400, of which $88,700 was not subject to Social Security taxes of 6.2% and $769,800 was not subject to state and federal unemployment taxes.
Determine the employer's payroll tax expense for the month, using the following rates: FICA 7.65%, state unemployment 5.4%, and federal unemployment 0.8%.(Round answer to 0 decimal places, e.g. 125.)