5 Merger Co. has 10 employees, each of whom earns $1,850 per month and has been employed since January 1. FICA Social Security taxes are 6.2% of the first $118,500 paid to each employee, and FICA Medicare taxes are 1.45% of gross pay. FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to each employee. 7.69 points Prepare the March 31 journal entry to record the March payroll taxes expenses. (Round your answers to 2 decimal places.) View transaction list View journal entry worksheet eBook No Date Debit Credit 1 Mar 31 Hint General Journal Payroll taxes expense FICASocial sec, taxes payable FICAMedicare taxes payable State unemployment taxes payable Federal unemployment taxes payable Print