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Merger Company has 10 employees, each of whom earns $2.250 per month and has been employed since January 1, FICA Sodal Security taxes are 6.2%
Merger Company has 10 employees, each of whom earns $2.250 per month and has been employed since January 1, FICA Sodal Security taxes are 6.2% of the first $137700 paid to each employee and FICA Medicare taxes are 145% of gross pay FUTA taies 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 expense. (Round your answers to 2 decmai places.) View transaction list Journal entry worksheet Record employer payroll tax expense. Hote: Enter debitsberare credite Date General Journal Credit Debit + March 31 Payroll taxes expense Record entry Cigar entry View general Journal
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