journal entry

Merger Company has 10 employees, each of whom eams $1,800 per month and has been employed since January 1. FICA Social Security taxes are 6.2% of the first $137700 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. Prepare the March 31 journal entry to record the March payroll taxes expense. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet Record employer payroll tax expense. Nota: Enter debits before credits Debit Credit Date General Journal March 31 Payroll taxes expense FICA Social security taxes payable FICA Medicare taxes payable Federal unemployment taxes payable State unemployment taxes payable Record entry Clear entry View general Journal