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omework The following monthly data are taken from Ramirez Company at July 31 Sales salaries. $460,000; Office salaries. $92,000: Federal Income taxes withheld, $138,000, State

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omework The following monthly data are taken from Ramirez Company at July 31 Sales salaries. $460,000; Office salaries. $92,000: Federal Income taxes withheld, $138,000, State income taxes withheld $31000: Social security taxes withheld, $34.224 Medicare taxes withheld, $8,004; Medical insurance premiums, $11,000. Life insurance premiums, $8,000, Union dues deducted, $5,000: and Salatles subject to unemployment taxes. $58,000. The employee pays 10% 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 abilities for July assume that FICA taxes are identical to those on employees and that SUTA taxes are 54% and FUTA taxes are 0.6% Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 Req 38 and 4 Tax Rate Tax Amount Using the above information, complete the bolow table Tax Amounts Subject to Tax State Unemployment Taxes Payable Federal Unemployment Taxes Payable ( Req 1 and 2 Req 38 and 4 > Chapter 9 Homework Saved 7 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 Pald Premium Employees by Employees by Employer Employee Medical Insurance Payable $ 11,000 40% $ 4.400$ 5.600 Employee Life Insurance Payable $8,000 40% s 3.2005 4.800 11.11 points eBook Hant Date General Journal Debit Credit Record journal entry for accrued payron, including employee deductions for July July 31 Print References Rocord the cash payment of salarios July 31 Homework Sand Record the accrued employer payroll taxes and all other employer paid expenses and the cash payment of all liabilities for Joly assume that FICA taxes are identical to those on employees and that SUTA taxes are 5.496 and FUTA taxes are 0.6% View transaction list View journal entry worksheet No Date July 31 Debit Credit 1 General Journal Payroll taxes expense FICA-Social sec taxes payable FICA Medicare taxes payablo State unemployment taxes payable Federal unemployment ces payable 2 July 31 Employee benefits expense Employee fe insurance payable Employee medical insurance payable 2 July 31 FICA-Social sectores payable FICA-Medicare taxes payable Employee fed in taxes payable Employee state income taxes payable Employee medical insurance payable Employee life insurance payable Employee union dues payable Federal unemployment taxes payable

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