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The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $580,000; Office salaries, $116,000; Federal income taxes with held, $174,000 :

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The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $580,000; Office salaries, $116,000; Federal income taxes with held, $174,000 : State income taxes withheld, $39.000 : Soclal security taxes withheld, $43,152: Medicare taxes withheld, $10.092 : Medical insurance premlums, $14,000 : Life insurance premlums, $11,000 : Union dues deducted, $8,000; and Salarles subject to unemployment taxes, $64,000. The employee pays 40% of medical and life insurance premlums. 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 joumal entries to record accrued payroll, including 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 all liabilities related to the July payrollassume 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. 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 5.4% and Federal Unemployment Taxes (FUTA) are 0.6%

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