Merger Co. has 10 employees, taxes are 6.2% of the first $118,500 paid to each employee, and FICA Medicare taxes a SUTA taxes are 5 4% of the first $7000 paid to each each of whom earns $2,000 per month and has been employed since January 1. FICA Social Security re 1 45% of gross pay FUTA taxes are 06% and Journal entry worksheet