The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $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 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 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 and cash payment of the net payroll for July 3. Using the above information, complete the below table. 4. Record the accrued employer payroll taxes and all other employer-paid expenses and the cash payment of all liabilities for July- 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 Reg 3A Reg 3B and 4 Using the above information, complete the below table and prepare the journal entries to record accrued payroll and cash payment of the net payroll for July. Total % Paid by Premium Paid Premium Paid Premium Employees by Employees by Employer Employee Medical Insurance Payable Employee Life Insurance Payablo Date General Journal Debit Credit Record journal entry for accrued payroll, including employee deductions, for July July 31 Reg 1 and 2 Reg 3A Req 3B and 4 Using the above information, complete the below table and prepare the journal entries to record accrued payroll and ca payment of the net payroll for July. Total % Paid by Premium Paid Premium Employees by Employees Premium Pald by Employer ok Employee Medical Insurance Payable Employee Life Insurance Payable nt Date General Journal Debit Credit Record journal entry for accrued payroll, including employee deductions, for July. July 31 int rences Record the cash payment of salaries. July 31 The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $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 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 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 and cash payment of the net payroll for July. 3. Using the above information, complete the below table. 4. Record the accrued employer payroll taxes and all other employer-paid expenses and the cash payment of all liabilities for July 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. Reg 1 and 2 Reg 3A Reg 33 and 4 Using the above information, complete the below table. Tax Amounts Subject to Tax State Unemployment Taxes Payable Federal Unemployment Taxes Payable Tax Rate Tax Amount Reg 1 and 2 Reg 3A Req 3B and 4 Record the accrued employer payroll taxes and all other employer-paid expenses and the cash payment of all liabilities for July-assume that FICA taxes are identical to those on employees and that SUTA taxes are 5.4% and FUTA taxes are 0.6%. View transaction list Journal entry worksheet 1 2 3 > Record all employer's payroll expenses and liabilities for the month of July. Note: Enter debits before credits Date General Journal Debit Credit July 31 Record entry Clear entry View general journal Req 1 and 2 Req 3A Req 3B and 4 Record the accrued employer payroll taxes and all other employer-paid expenses and the cash payment of all liabilities for July-as that FICA taxes are identical to those on employees and that SUTA taxes are 5.4% and FUTA taxes are 0.6%. View transaction list Journal entry worksheet Record the employer's benefit expense. Note: Enter debits before credits. Date General Journal Debit Credit July 31 Record entry Clear entry View general Journal that FICA taxes are identical to those on employees and that SUTA taxes are 5.4% and FUTA taxes are 0.6%. View transaction list Journal entry worksheet
