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Business, 10.07.2019 01:30 xaiverrodriguez

Merger co. 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 $118,500 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 expenses. (round amounts to cents.)

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Merger co. has 10 employees, each of whom earns $2,000 per month and has been employed since january...
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