q.8 ch.9

The following monthly data are taken from Ramirez Company ot July 31 : Sales salaries, $580,000; Office salaries, $116,000; Federal income taxes withheld, $174,000; State income taves withheld, $39,000; Social security toxes withheld, $43,152; Medicare taxes with held, $10,092; Medical insurance premiums, $14,000; Life insurance premlums, $11,000; Union dues deducted, $8,000; and Salaries subject to unemployment taxes, $64,000. The employee pays 40% of medical and life insurance premiums. Assume that FICA taxes are identical to those on employees and that SUTA toxes 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, includicg. employee deductions, and cash payment of the net payroll (salaries payable) for July. 3. Using the above information, complete the below table. 4. Record the accrued employer payroll taxes and other related employment expenses and the cash payment of alliablities related to the July payroll-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. Using the above information, complete the below table and prepare the journal entries to record accrued payroli, including employee deductions, and cash payment of the net payroll (salaries payable) for July. Employee Life Insurance Payable Date General Journal Debit Credit Record journal entry for accrued payroll, including employee deductions, for July. Req 1 and 2. Req 3 Using the above information, complete the below table. Journal entry worksheet e. 3. Journal entry worksheet Record the employer's benchit expense. Notel Enter debits before credits. Record the cash payment of all liabilities related to the July payroll. Note: Enter debits before credits