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need done asap QS 11-10 (Algo) Recording employer payroll taxes LO P3 Merger Company has 10 employees, each of whom earns $1,400 per month and

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QS 11-10 (Algo) Recording employer payroll taxes LO P3 Merger Company has 10 employees, each of whom earns $1,400 per month and has been employed since January 1 . FICA Social Security taxes are 6.2% of the first $137,700 paid to each employee, and FiCA Medicare taxes are 1.45% of gross pay. FUTA taxes are 0.6% and SUTA taxes are 5.48 of the first $7.000 paid to each employee. Prepare the Morch 31 journal entry to record the March payroil taxes expense. (Round your answers to 2 decimal places.)

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