QS 9-10 (Algo) Recording employer payroll taxes LO P3 Merger Company has 10 employees, each of whom earns $1750 per month and has been employed since January 1. FCA Social Security taxes are 6.2% of the first $137700 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 joumal entry to record the March payroll taxes expense. (Round your answers to 2 decimal places.) View transaction ist Journal entry worksheet Record employer payroll tax expense Notere debits before credits Date General Journal Debit Credit March 31