QS 11-6 Recording employer payroll taxes LO P3 Merger Co has 10 employees, each of whom earns $2.150 per month and has been employed since January 1 FICA Social Security taxes are 62% of the first $118,500 paid to each employee, and FICA Medicare taxes are 145% of gross pay FUTA taxes are 06% 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) Date Mar 31 Payroll taxes e 133.30 31.18