The following monthly data are taken from Ramirez Company at July 31 Sales salaries, $500,000; Office salaries, $100,000. Federal income taxes withheld, $150,000; State income taxes withheld, $33,500; Social security taxes withheld, $37.200, Medicare taxes withheld, $8,700; Medical insurance premiums, $12000; Life insurance premiums, $9.000: Union dues deducted, $6,000, and Salaries subject to unemployment taxes, $60.000. The employee pays 40% 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% Ats 1. & 2. Using the above information, complete the below table and prepare the journal 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 payroll-assume that FICA taxes are identical to those on employees and that SUTA taxes are 5.4% and FUTA taxes are 0.6% eBook Hint Complete this question by entering your answers in the tabs below. Print Req 1 and 2 Req 3 Reg 4 References Using the above information, complete the below table and prepare the journal entries to record accrued payroll, including employee deductions, and cash payment of the net payroll (salaries payable) for July Employee Medical Insurance Payable Employee Life Insurance Payable Total % Paid by Premium Paid Premium Employees by Employees $ 12,000 40% $ 4.800 $ 9,000 40% $ 3,600 Premium Paid by Employer $ 7,200 $ 5.400 Date General Journal Debit Credit Record journal entry for accrued payroll including employee deductions, for July July 31 (Sales salaries expense 500.000 Office salaries expense 100.000 FICA-Social security taxes payable 10 The following monthly data are taken from Ramirez company at July 31: Sales salaries, $500,000; Office salaries, $100,000; Federal income taxes withheld, $150,000; State income taxes withheld, $33,500; Social security taxes withheld, $37,200; Medicare taxes withheld, $8,700; Medical insurance premiums, $12,000; Life insurance premiums, $9,000; Union dues deducted, $6,000; and Salaries subject to unemployment taxes, $60,000. The employee pays 40% 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%. 10 points 1. & 2. Using the above information, complete the below table and prepare the journal 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 payroll-assume that FICA taxes are identical to those on employees and that SUTA taxes are 5.4% and FUTA taxes are 0.6%. eBook Hint Complete this question by entering your answers in the tabs below. Print Req 1 and 2 Reg 3 Reg 4 References Using the above information, complete the below table. Tax Amounts Subject to Tax Tax Rate Tax Amount State Unemployment Taxes Payable Federal Unemployment Taxes Payable K Req 1 and 2 Req 4 > 10 Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 Reg 4 10 points 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%. eBook View transaction list Hint Journal entry worksheet 1 2 Print > Record all employer's payroll expenses and liabilities for the month of July. . References Note: Enter debits before credits. Date General Journal Debit Credit July 31 Record entry Clear entry View general journal