Business, 07.12.2020 06:20 Mexicochan
Merger Co. has 10 employees, each of whom earns $2.150 per month and has been employed since January 1. FICA Social Security
taxes are 6.2% of the first $128,400 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 your answers to 2 decimal places.)
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Answers: 3
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Merger Co. has 10 employees, each of whom earns $2.150 per month and has been employed since January...
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