Hyram Company, which is located in State A, had an average annual payroll of $850,000 for the three 12-month periods ending on June 30, 2023 (the computation date for the tax year 2024). As of June 30, 2023, the total contributions that had been made to Hyram Company's reserve account, in excess of the benefits charged, amounted to $17,440. Compute the following:
Smallest contribution that the company can make in order to reduce its tax rate if State A permits voluntary contributions.