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The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $520,000, Office salaries, $104,000; Federal income taxes withheld, $156,000, State income

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The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $520,000, Office salaries, $104,000; Federal income taxes withheld, $156,000, State income taxes withheld, $35,000; Social security taxes withheld, $38,688 Medicare taxes withheld, 59,048, Medical insurance premiums, $12,500, Life insurance premiums, $9,500, Union dues deducted, $6,500; and Salaries subject to unemployment taxes, 561,000. 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 abilities related to the July payroll-assume thot FICA taxes are identical to those on employees and that SUTA toxes are 54% and FUTA taxes are 06% 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 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 Paid Premium Employees by Employees by Employer Employee Medical Insurance Payable Employee Luto insurance Puyub + Date General Journal Debit Credit Record journal entry for accrued payroll, including employee deduction, for July Complete this questi Assessment Tool iFrame nswers in the tabs below. Req 1 and 2 Req3 Reg 4 Using the above information, complete the below table. Amounts Subject to Tax Tax Rate Tax Amount State Unemployment Taxes Payable Federal Unemployment Taxes Payable 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 Gheral Journal Debit Credit July 31 Record entry Clear entry View general journal 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 Journal entry worksheet

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