Cado Co.'s payroll for the month ended January 31 is summarized as follows:Total wages $100,000Amount of wages subject to payroll taxes:FICA 80,000Unemployment 20,000Payroll tax rates:FICA for employer and employee 7% eachUnemployment 3%In its January 31 balance sheet, what amount should Cado accrue as its share of payroll taxes? A. $6,200B. $10,000C. $11,800D. $17,000
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