Merger Company has employees, each of whom earns $ per month and has been employed since January FICA Social Security taxes are of the first $ paid to each employee, and FICA Medicare taxes are of gross pay. FUTA taxes are and SUTA taxes are of the first $ paid to each employee.
Prepare the March journal entry to record the March payroll taxes expense.
Note: Round your answers to decimal places.
Journal entry worksheet
Record employer payroll tax expense.
Note: Enter debits before credits.
tableDateGeneral Journal,Debit,CreditMarch Payroll taxes expense,,FICASocial security taxes payable,,FICAMedicare taxes payable,,Federal unemployment taxes payable,,State unemployment taxes payable,,
