Exercise 9-10 (Algo) Recording payroll LO P2, P3 The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $480,000; Office salaries, $96,000; Federal income taxes withheld, $144,000; State income taxes withheld, $32,000; Social security taxes withheld, $35,712; Medicare taxes withheld, $8,352; Medical insurance premiums, $11,500; Life insurance premiums, $8,500; Union dues deducted, $5,500; and Salaries subject to unemployment taxes, $59,000. 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 payr