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QS 9-6 Recording employer payroll taxes LO P3 Merger Co. has 10 employees, each of whom eams $1,550 per month and has been employed since

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QS 9-6 Recording employer payroll taxes LO P3 Merger Co. has 10 employees, each of whom eams $1,550 per month and has been employed since January 1 FICA Sodal Security taxes are 6.2% of the first $118,500 paid to each employee and FICA Medicare taxes are 1.45% 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 declmal places.) View transaction list View journal entry worksheet ate Del Credit 1Mar 31 Payroll taxes expense FICA Social sec. taxes payable FICA-Medicare taxes payable Federal unemployment taxes 8 State unemployment taxes payable

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