QS $9-10($Algo$)$ Recording employer payroll taxes LO P$3$

Merger Company has $10$ employees, each of whom earns $$1,350$ per month and has been employed since January $1.$ FICA Social

Security taxes are $6\mathrm{.}2\%$ of the first $$137,700$ paid to each employee, and FICA Medicare taxes are $1\mathrm{.}45\%$ of gross pay. FUTA taxes are

$0\mathrm{.}6\%$ and SUTA taxes are $5\mathrm{.}4\%$ of the first $$7,000$ paid to each employee.

Assessment Tool iFrame

Prepare the March $31$ journal entry to record the March payroll taxes expense.

Note: Round your answers to $2$ decimal places.

Journal entry worksheet

$1$

Record employer payroll tax expense.

Note: Enter debits before credits.