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please record employer payroll taxes. Merger Co has 10 employees, each of whom earns $2,200 per month and has been employed since January 1, FICA

please record employer payroll taxes. image text in transcribed
Merger Co has 10 employees, each of whom earns $2,200 per month and has been employed since January 1, FICA Social Security taxes are 6.2% of the first $128.400 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 $7,000 paid to each employee Prepare the March 31 journal entry to record the March payroll taxes expenses. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet 1 Record employer payroll taxes

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