10. 1 points Return to question The following monthly data are taken from Ramirez Company at July 3t Sales salaries, $200.000, Office salaries, $160,000: Federal income taxes withheld, $90,000; State income taxes withheld, $20,000, Social security taxes withheld, $22,320, Medicare taxes withheld. $5,220, Medical insurance premiums, $7,000, Life Insurance premiums, $4,000: Union dues deducted, $1,000; and Salaries subject to unemployment taxes, $50,000. The employee pays 40% of medical and life insurance premiums. Assume that FICA taxes are identical to those on employees and that SUTA taxes are 5.4% and FUTA taxes are 0.6% 1. & 2. Using the above information, complete the below table and prepare the journal entries to record accrued payroll, including employee deductions, and cash payment of the net payroll (salaries payable) for July 3. Using the above information, complete the below table. 4. Record the accrued employer payroll taxes and other related employment expenses and the cash payment of all labies related to the July payroll-assume that FICA taxes are identical to those on employees and that SUTA taxes are 5.4% and FUTA taxes are 0.6% Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 and 2 Rea 3 Reg 4 Next > B Req 1 and 2 Req 3 Req 4 Using the above information, complete the below table and prepare the journal entries to record accrued payroll, including employee deductions, and cash payment of the net payroll (salaries payable) for July. Date Total Premium % Paid by Employees Premium Paid by Employees Premium Paid by Employer Employee Medical Insurance Payable 7,000 40% 2.800 S 4,200 Employee Life Insurance Payable S 4,000 40% $ 1,600 S 2,400 General Journal Debit Credit Record journal entry for accrued payroll, including employee deductions, for July July 31 Sales salaries expense Office salaries expense Employee federal income taxes payable Employee state income taxes payable Employee medical insurance payable 10000 300,000 60.000 90,000 20.000 2,800 Prev 1 of 8 Next > Employee medical insurance payable 2,800 Employee life insurance payable 1,600 FICA-Social security taxes payable FICA-Medicare taxes payable Salaries payable Record the cash payment of salaries. July 31 Salaries payable Cash 22,320 2,800 220,480 220.480 220,480 Req 3 > Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Using the above information, complete the below table. Tax Amounts Subject to Tax Tax Rate Tax Amount State Unemployment Taxes Payable Federal Unemployment Taxes Payable Req 1 and 2 Req 3 Req 4 Record the accrued employer payroll taxes and other related employment expenses and the cash payment of all liabilities related to the July payroll-assume that Federal Insurance Contributions Act (FICA) taxes are identical to those on employees and that State Unemployment Taxes (SUTA) are 5.4% and Federal Unemployment Taxes (FUTA) are 0.6%. No 1 Date July 31 General Journal FICA-Social security taxes payable FICA-Medicare taxes payable Employee federal income taxes payable Employee state income taxes payable Employee medical insurance payable Employee life insurance payable Employee union dues payable. 2 July 31 No Transaction Recorded * 1 * * * * * Debit 44,640 10.440 90,000 20,000 7,000 4,000 1,000 Prev 1 of 8 Next Credit