Question: practice exam! please help , correct answers earn a thumb up. need for studying , thank you in advance! und Peady Saved Merger Co. has

practice exam! please help , correct answers earn a thumb up. need for studying , thank you in advance!

und Peady Saved Merger Co. has 10 employees, each of whom earns $2,200 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 FCA Medicare taxes are 1.45% of gross pay. FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 pald to each employee. Prepare the March 31 journal entry to record the March payroll taxes expenses. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet

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