Merger Co$.$ has $10$ employees, each of whom earns $$2,000$ per month and has been employed since January $1.$ FICA Social Security taxes are $6\mathrm{.}2\%$ of the first $$128,400$ paid to each employee, and FICA Medicare taxes are $1\mathrm{.}45\%$ of gross pay. FUTA taxes are $0\mathrm{.}6\%$ and SUTA taxes are $5\mathrm{.}4\%$ of the first $$7,000$ paid to each employee. Prepare the March $31$ journal entry to record the March payroll taxes expenses.

QS $11-6$

Recording employer payroll taxes P$3$