The following monthly data are taken from Ramirez Company at July $31$: Sales salaries, $$680,000$; Office salaries, $$136,000$; Federal income taxes withheld, $$204,000$; State income taxes withheld, $$45,500$; Social security taxes withheld, $$50,592$; Medicare taxes withheld, $$11,832$; Medical insurance premiums, $$16,500$; Life insurance premiums, $$13,500$; Union dues deducted, $$10,500$; and Salaries subject to unemployment taxes, $$69,000.$ 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 $5\mathrm{.}4\%$ and FUTA taxes are $0\mathrm{.}6\%.$

$1.$ & $2.$ 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 $5\mathrm{.}4\%$ and FUTA taxes are $0\mathrm{.}6\%.$

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 Premium

$\%$ Paid by Employees

Premium Paid by Employees

Premium Paid by Employer

Employee Medical Insurance Payable

$

$16,000$

$40\%$

$

$6,400$

$

$9,600$

Employee Life Insurance Payable

$

$13,500$

$40\%$

$

$5,400$

$

$8,100$

Date

General Journal

Debit

Credit

Record journal entry for accrued payroll, including employee deductions, for July.

July $31$

Record the cash payment of salaries.

July $31$