8 QS 11-6 Recording employer payroll taxes LO P3 33 ints Merger Co has 10...
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8 QS 11-6 Recording employer payroll taxes LO P3 33 ints Merger Co has 10 employees, each whom earns $2,250 per month and has been employed since January 1. FICA Social Security taxes are 62% of the first $128,400 paid to each employee, and FICA Medicare taxes are 145% of gross pay FUTA taxes are 0 6% and SUTA taxes are 54% of the first $7000 paid to each employee Prepare the March 31 Journal entry to record the Morch payroll taxes expenses. (Round your answers to 2 decimal places.) Answer is not complete. No Debit Credit Date Mar 31 General Journal Payroll taxes expert FICA Social security taxes payable FICA Medicare taxes payable State unemployment taxes payable Federal unemployment taxes payable
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