income taxes withheld, $$102,000$; State income taxes withheld, $$23,000$; Social security taxes withheld, $$25,296$; Medicare taxes withheld, $$5,916$; Medical insurance premiums, $$8,000$; Life insurance premiums, $$5,000$; Union dues deducted, $$2,000$; and Salaries subject to unemployment taxes, $$52,000.$ 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 $5\mathrm{.}4\%$ and FUTA taxes are $0\mathrm{.}6\%.$

& $2.$ 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.

Using the above information, complete the below table.

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

Complete this question by entering your answers in the tabs below.

Req $1$ and $2$

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 $5\mathrm{.}4\%$ and Federal Unemployment Taxes $($FUTA$)$ are $0\mathrm{.}6\%.$

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$\backslash$table$[[1,,$:$,,$Debit,Credit$],[$payroll expenses and liabilities for,$0,,,],[$the month of July.,Req $4,,],[2,$Record the employer's benefit expense.,$0,,,],[3,\backslash$table$[[$Record the cash payment of all liabilities related to the$],[$July payroll.$]],0,,,]]$