Need help with Homework problem, I do not understand what information that need tk be put in. not good at accounting
Saved e: Chapter 11: Homework Problems Help Sav Exercise 11-8 Recording payroll LO P2, P3 The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $440,000; Office salaries, $88,000; Federal income taxes withheld, $132,000; State income taxes withheld, $29,500; Social security taxes withheld $32,736; Medicare taxes withheld, $7,656; Medical insurance premiums, $10,500; Life insurance premiums, $7,500; Union dues deducted, $4,500; and Salaries subject to unemployment taxes $57,000. 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 payroll and cash payment of the net payroll for July 3. Using the above information, complete the below table. 4. Record the accrued employer payroll taxes and all other employer-paid expenses and the cash payment of all liabilities for July assume that FICA taxes are identical to those on employees and that SUTA taxes are 5.4% and FUTA taxes are 0.6%. Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Using the above information, complete the below table and prepare the journal entries to record accrued payroll and cash payment of the net payroll for July. He: Chapter 11: Homework Problems i Saved Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Using the above information, complete the below table and prepare the journal entries to record accrued payroll and cash payment of the net payroll for July. Total % Paid by Premium Paid Premium Employees by Employees Premium Paid by Employer Employee Medical Insurance Payable Employee Life Insurance Payable Date General Journal Debit Credit Record journal entry for accrued payroll, including employee deductions, for July July 31 Chapter 11: Homework Problems Saved Employee Life Insurance Payable Date General Journal Debit Credit Record journal entry for accrued payroll, including employee deductions, for July. July 31 Record the cash payment of salaries. July 31 Res 3 Saved Chapter 11: Homework Problems 3. USIIy te duuve LIVII, LUITPiee ue UEUW Lauit. 4. Record the accrued employer payroll taxes and all other employer-paid expenses and the cash payment of all assume that FICA taxes are identical to those on employees and that SUTA taxes are 5.4% and FUTA taxes are Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Req4 Using the above information, complete the below table. Tax Amounts Subject to Tax Tax Rate Tax Amount es State Unemployment Taxes Payable Federal Unemployment Taxes Payable Saved de: Chapter 11: Homework Problems Journal entry worksheet > Saved Mode: Chapter 11: Homework Problems B Journal entry worksheet
