The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $200,000; Office salaries, $160,000; Federal Income taxes withheld, $90,000; State income taxes withheld, $20,000: Social security taxes withheld, $22,320, Medicare taxes withheld. $5,220: Medical insurance premiums, $7000; Life insurance premiums, $4.000; Union dues deducted, $1,000; and Salaries subject to unemployment taxes, $50,000. 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%. 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%. Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 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 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%. No Date General Journal Debit Credit No Date General Journal Debit Credit 1 July 31 30,540 Payroll taxes expense FICA-Social security taxes payable 22,320 FICA-Medicare taxes payable 5,220 State unemployment taxes payable 2,700 Federal unemployment taxes payable 300 2. July 31 > 6,600 Employee benefits expense Employee medical insurance payable Employee life insurance payable 4,200 2.400 July 31 FICA-Social security taxes payable FICA-Medicare taxes payable Employee federal income taxes payable Employee state income taxes payable Employee medical insurance payable Employee life insurance payable Employee union dues payable State unemployment taxes payable Federal unemployment taxes payable 90,000 X 20,000 % 7,000 X 4,000 X 1,000 X 2,700 X 300 Cash Answer is not complete. Complete this question by entering your answers in the tabs below. Reg 1 and 2 Req3 Reg 4 Using the above information, complete the below table. Tax Tax Tax Amount Rate Amounts Subject to Tax $ 50,000 $ 50,000 5.4% $ 2,700 State Unemployment Taxes Payable Federal Unemployment Taxes Payable 0.6% $ 300 Total Premium % Paid by Employees Premium Paid by Employees 2,800 $ 1,600 Premium Paid by Employer 4,200 2,400 40% Employee Medical Insurance Payable Employee Life Insurance Payable $ 7,000 $ 4,000 40% $ Date General Journal Debit Credit Record journal entry for accrued payroll, including employee deductions, for July July 31 Sales salaries expense 200,000 Office salaries expense 160,000 FICA-Social security taxes payable FICAMedicare taxes payable Employee federal income taxes payable Employee state income taxes payable Employee medical insurance payable Employee life insurance payable Employee union dues payable Salaries payable 22,320 5,220 90,000 20,000 2,800 1,600 1,000 217,060 Record the cash payment of salaries. July Salaries payable 31 217,060 ETUITITUTT $ 7,000 40% Employee Medical Insurance Payable Employee Life Insurance Payable Employees $ 2,800 $ 1,600 Employer $ 4,200 $ 2,400 $ 4,000 40% Date General Journal Debit Credit Record journal entry for accrued payroll, including employee deductions, for July July 31 Sales salaries expense 200,000 160,000 Office salaries expense FICASocial security taxes payable FICAMedicare taxes payable Employee federal income taxes payable Employee state income taxes payable Employee medical insurance payable Employee life insurance payable Employee union dues payable Salaries payable 22,320 5,220 90,000 20,000 2,800 1,600 1,000 217,060 Record the cash payment of salaries. July Salaries payable 31 217,060