Hi, below is the question.
Question3: Record the cash payment of salaries. The following monthly data are taken from Pamings Company of July 31: Sales salaries, $590,080 Office salaries. July 31 $115,030: Federal income tong withhold. $174,000 State income boggs withhold. $39 003, Social security tools withhold, $43 152 Medicare tapes withhold, $15,093: Medical Insurance premiums, $14 090; Life insurance premiums, $11,000, Union dues deducted, $3,030; and Salaries subject to unemployment taxes, $64,000. The employee pays 40%% of medical and Wide insurance premiums. Assume that FICA taxes are identical to those on 183. Using the above information, complete the below table and prepare the journal entries to record poorued payroll Using the above information, complete the below table. and cash payment of the net paryroll for July 3. Using the above information, complete the below table 4. Record the accrued employer payroll taxes and all other employe paid expenses and the cash payment of all labilities for July-assume that FICA taxes are identical to those on employees and that SUITA taxes are 5.4% and FUTA Lives are 0.6% . Req 1 and 2 Tax Amounts Subject Tax Tax Using the above information, complete the below table and prepare the journal entries to to Tax Rate Amount record accrued payroll and cash payment of the net payroll for July. State Unemployment Taxes Payable Federal Unemployment Taxes Total %% Paid by Premium Paid by Premium Paid Record the accrued employer payroll taxes and all other employer-paid expenses and the Premium Employees Employees by Employer cash payment of all liabilities for July-assume that FICA taxes are Identical to those on Employee Medical employees and that SUTA taxes are 5.4% and FUTA taxes are 0-6%. Insurance Payable Note: Enter debits before credits. Employee Life Bypard all employe's payroll Insurance Payable expenses and babiites for the monthof July Date General Journal Debit Credit Record journal entry for accrued payroll, including Date General Journal Debit Credit employee deductions, for July July 31 July 31 ete Enter debits before credits.Record the employer's benefit expense. Date General Journal Debit Credit July 31 Note: Enter debits before credits. Record the cash payment of all liabilities related to the July payroll. Date General Journal Debit Credit July 31