Exerclse $9-10($Algo$)$ Recording payroll LO P$2,$ P$3$

The following monthly dato are taken from Romirez Company at July $31$: Sales salaries, $$700,000$; Office salaries, $$140,000$; Federal

income toxes withheld, $$210,000$; State income toxes withheld, $$47,000$; Social security toxes withheld, $$52,080$; Medicare toxes

withheld, $$12,180$; Medical insurance premiums, $$17,000$; Life insurance premiums, $$14,000$; Union dues deducted, $$11,000$; and

Solaries subject to unemployment toxes, $$70,000.$ The employee pays $40\%$ of medical and life insurance premiums. Assume that FICA

toxes are identical to those on employees and that SUTA toxes are $5\mathrm{.}4\%$ and FUTA taxes are $0\mathrm{.}6\%.$

& $2$ Using the above information, complete the below table and prepare the joumal entries to record accrued payroll, including

employee deductions, and cosh poyment of the net poyroll $($salaries poyoble$)$ for July.

Using the above information, complete the below table.

Record the accrued employer poyroll toxes and other related employment expenses and the cash poyment of all liabilities related to

the July payroll$-$ossume that FICA toxes are identical to those on employees and that SUTA toxes are $5\mathrm{.}4\%$ and FUTA toxes are O$\mathrm{.}6\%.$

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 and prepare the journal entries to record accrued payroll, including

employee deductions, and cash payment of the net payroll $($salaries payable$)$ for July.