please help!! Merger Company has 10 employees, each of whom...
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Merger Company has 10 employees, each of whom earns $2,000 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 145% 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. View transaction list Journal entry worksheet 1 Record employer payroll tax expense. Note: Enter debits before credits Debit Credit Date General Journal March 31 View general journal Clear entry Record entry
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