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Merger Co has 10 employees, each of whom earns $1750 per month and has been employed since January 1 FICA Social Security taxes are 62%
Merger Co has 10 employees, each of whom earns $1750 per month and has been employed since January 1 FICA Social Security taxes are 62% of the first $128.400 paid to each employee, and HCA Medicare taxes are 145% 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 joumal 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 debts before credits General Journal Date Mar 31 Job
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