Merger Co. has 10 employees, each of whom earns exist2, 050 per month and has been employed since January 1 FICA Social Security taxes are 6.2% of the first exist117.000 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 exist7,000 paid to each employee. Prepare the March 31 journal entry to record the March payroll taxes expenses