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please answer all 3 reauirements will be much appreciated! The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $640,000; Office

please answer all 3 reauirements will be much appreciated! image text in transcribed
The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $640,000; Office salaries, $128,000; Federal income taxes withheld, $192,000; State income taxes withheld, $43,000; Social security taxes withheld, $47,616; Medicare taxes withheld, \$11,136; Medical insurance premiums, $15,400; Life insurance premiums, \$12,300; Union dues deducted, \$8,400; and Salaries subject to unemployment taxes, $69,000. The employee pays 40% of medical and life insurance premiums. Ramirez company at july 31 sales salaries 640,000 medical insurance premiums 15,400 Prepare the journal entry to record payroll (show Sales and office salaries separately, but you can combine the rest). Hint: employees pay 40% of the medical and insurance premiums 2. Prepare the journal entry to record payroll taxes. Assume that no employee has reached the maximum deduction for social security, and $20,000 of overall salaries are still subject to Federal and State Unemployment taxes at a rate of .6\% and 5.4% respectively. 3. Prepare the journal entry to record Employee Benefits for the company|

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