Perez Company has the following information for the pay period of January 15-31. Assuming no employees are subject to ceilings for their earnings, calculate salaries payable and employer payroll tax expense.

Salaries Payable

An account containing the total amount of salary expense that has been incurred by a company but has not yet been paid out to employees.

Employer Payroll Tax Expense

Taxes paid by employers based on the salary and wages of employees, including social security and Medicare taxes in the United States, among others.