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The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $600,000; Office salaries, $120,000; Federal Income taces withheld, $180,000; State income

The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $600,000; Office salaries, $120,000; Federal Income taces withheld, $180,000; State income taxes withheld, $40,000; Social security taxes withheld, $44,640; Medicare taxes withheld, $10,440; Medical Insurance premiums, $14,500; Life insurance premiums, $11,500; Union dues deducted, $8,500; and Salaries subject to unemployment taxes, $65,000. The employee pays 40% of medical and life insurance premiums. Assume that FICA taxes are idential to those on employees and that SUTA taxes are 5.4% and FUTA taxes are 0.6%.
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Exercise 1110 (Algo) Recording payroll LO P2, P3 The following monthly data are taken from Ramirez Company at July 3t: Sales salaries, $600.000 : Office salaries, $120,000 : Federal Income taxes withheld, $180,000; State income taxes witheld, $40,000; Social securty taxes withheld, $44,640; Medicare taxes withheld, $10,440; Medical Insurance premiums, $14,500; Life insurance premlums, $11,500; Union dues deducted, $8,500; and Salarles subject to unempioyment taxes, $65,000. The employee pays 40% of medical and iffe 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 payroil, including employee deductions, and cash payment of the net payroil (salarles payable) for July. 3. Using the above information, complete the below table. 4. Record the accrued employer payroil taxes and other related employment expenses and the cash payment of all liabilities 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 presare the journal entries to record accrued parroll, including employee deductions. and cash payment of the net payroll (salaries payable) for July. The following monthly data are taken from Ramirez Company at July 31: Sales salarles, $600,000 : Office salarles, $120,000; Federal Income taxes withheld, $180,000; State income taxes withheld, $40,000; Social security taxes withheld, $44,640; Medicare taxes withheld, $10,440; Medical Insurance premlums, $14,500; LIfe insurance premlums, \$11,500; Union dues deducted, $8,500; and Salarles subject to unemployment taxes, $65,000. The employee pays 40% of medical and ilfe 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 journal entrles to record accrued payroll, including employee deductions, and cash payment of the net payroll (salarles 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 liabilitles 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. The following monthly data are taken from Ramirez Company at July 31: Sales salarles, $600,000; Office salaries, $120,000; Federal income taxes withheld. $180,000; State income taxes withheld, $40,000; Social security taxes withheld, $44,640; Medicare taxes withheld, \$10,440; Medical Insurance premlums, $14,500; Life insurance premlums, \$11,500; Union dues deducted, $8,500; and Salarles subject to unemployment taxes, $65,000. The employee pays 40% of medical and life insurance premtums. 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 entrles to record accrued payroll, including employee deductions, and cash payment of the net payroll (salarles 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 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. 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%. Journal entry worksheet Record all employer's payroll expenses and liabilities for the month of July. Note: Enter debits before credits. . \& 2. Using the above information, complete the below table and prepare the journal entrles to record accrued payroll, Including mployee deductions, and cash payment of the net payroll (salarles payable) for July. Using the above information, complete the below table. 1. Record the accrued employer payroll taxes and other related employment expenses and the cash payment of all llabilitles related to he 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. 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%. Journal entry worksheet 3 1. \& 2. Using the above informaton, complete the below table and prepare the journal entries to record accrued payroll, including employee deductions, and cash payment of the net payroll (salarles 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 liabilitles 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. 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%. Journal entry worksheet Record the cash payment of all liabilities related to the July payroll. Notet Enter debits before credits

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