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The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $340,000; Office salaries, $68,000; Federal income taxes withheld, $102,000; State

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The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $340,000; Office salaries, $68,000; Federal income taxes withheld, $102,000; State income taxes withheld, $23,000; Social security taxes withheld, $25,296; Medicare taxes withheld, $5,916; Medical insurance premiums, $8,000; Life insurance premiums, $5,000; Union dues deducted, $2,000; and Salaries subject to unemployment taxes, $52,000. 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%. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 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. Total % Paid by Premium Paid Premium Employees by Employees Premium Paid by Employer Date Employee Medical Insurance Payable Employee Life Insurance Payable General Journal Debit Credit Record journal entry for accrued payroll, including employee deductions, for July July 311 ces Req 1 and 2 Req 3 Req 4 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. Total % Paid by Premium Paid Premium Employees by Employees Premium Paid by Employer Date Employee Medical Insurance Payable Employee Life Insurance Payable General Journal Debit Credit Record journal entry for accrued payroll, including employee deductions, for July. July 31 Record the cash payment of salaries. July 31 Req 1 and 2 Req 3 > The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $340,000; Office salaries, $68,000; Federal income taxes withheld, $102,000; State income taxes withheld, $23,000; Social security taxes withheld, $25,296; Medicare taxes withheld, $5,916; Medical Insurance premiums, $8,000; Life insurance premiums, $5,000; Union dues deducted, $2,000; and Salaries subject to unemployment taxes, $52,000. 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% Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Using the above information, complete the below table. Taxi Amounts Subject to Tax Tax Rate Tax Amount State Unemployment Taxes Payable Federal Unemployment Taxes Payable < Prev 13 of 15 Next > Req 1 and 2 Req 3 Req 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% View transaction list Journal entry worksheet 2 3 Record all employer's payroll expenses and liabilities for the month of July. Note: Enter debits before credits. Date July 311 General Journal +Pebit Credit View general journal Record entry Clear entry Req 1 and 2 Req 3 Req 4 Record the accrued employer payroll taxes and other related employment expenses and the cash payment of all liabilities related to 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%. View transaction list Journal entry worksheet 3 Record the employer's benefit expense. Note: Enter debits before credits. Date July 31 General Journal Debit Credit Record entry Clear entry View general journal Req 1 and 2 Req 3 Req 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% View transaction list Journal entry worksheet < 1 2 Record the cash payment of all liabilities related to the July payroll. Note: Enter debits before credits Date July 31 General Journal Debit Credit

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