merger co. has 10 employees, each of whom earns $1600 per month and has been employed since January 1. FICA social security taxes are 6.2% of the first $128400 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.

Save & Exit Merger Co. has 10 employees, each of whom earns $1,600 per month and has been employed since January 1. FICA Social Security taxes are 6.2% of the first $128,400 pald 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 pald to each employee. 17 Prepare the March 31 Journal entry to record the March payroll taxes expenses. (Round your answers to 2 decimal places.) View transaction list eBook Journal entry worksheet Print Record employer payroll taxes. Note: Enter debits before credits. General Journal Debit Credit Date Mar 31 View general journal Record entry Clear entry Graw MacBook Air