QS 9-10 (Algo) Recording employer payroll taxes LO P3 Merger Company has 10 employees, each of whom earns $1,500 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 5.4% of the first $7,000 paid to each employee. Prepare the March 31 journal entry to record the March payroll taxes expense. (Round your answers to 2 decimal places.) Journal entry worksheet Noura Company offers an annual bonus to employees (to be shared equally) if the company meets certain net income goals. Prepare the journal entry to record a $23,000 bonus owed (but not yet paid) to its workers at calendar year-end. Journal entry worksheet Record the expected bonus costs. MShe Enter debitu before credita