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Merger Co. has 10 employees, each of whom earns $1,750 per month and has been employed since January 1. FICA Social Security taxes are 6.2%

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Merger Co. has 10 employees, each of whom earns $1,750 per month and has been employed since January 1. FICA Social Security taxes are 6.2% of the first $128.400 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 expenses. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet Record employer payroll taxes. Note: Enter debit before crear Date Credit Dobit 2,388.75 Mar 31 General Journal FICA-Social security taxes payable FICA-Medicare taxes payable Federal unemployment taxes payablo State unemployment taxes payable Record entry Clear entry View general Journal

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