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The following monthly data are taken from Ramirez Company at July 31 Sales salaries, $320,000: Office salaries, $64,000, Federal income taxes withheld, $96,000; State income

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The following monthly data are taken from Ramirez Company at July 31 Sales salaries, $320,000: Office salaries, $64,000, Federal income taxes withheld, $96,000; State income taxes withheld, $21,500, Social security taxes withheld, $23,808, Medicare taxes $5,568, Medical insurance $7,500, Life insurance $4,500; Union dues taxes, $51,000. The 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 06%. complete the below table and Prepare the journal entries to record accrued payroll and cash 1. & 2. Using the above in payment of the net payroll for July 3. Using the above in 4. Record the accrued employer payroll taxes and all other employer-paid expenses and the cash payment of all liabilities for July- 1 of 1

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