Cascade Company has four employees. All are paid on a monthly basis. The fiscal year of the business is June $1$ to May $31.$

The accounts kept by Cascade include the following:

The following transactions relating to payrolls and payroll taxes occurred during June and July:

June $15$ Paid $$9,853$ covering the following May taxes:

Social Security tax

$$5,103$

Medicare tax

$1,197$

Employee federal income tax withheld

Total

$\frac{3,553}{\text{\$}9,853}$