Please Do not Give image format The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $300,000; Office salaries, $60,000; Federalincome taxes withheld, $90,000; State income taxes withheld, $20,000; Social security taxes withheld, $22,320; Medicare taxeswithheld, $5,220; Medical insurance premiums, $7,000; Life insurance premiums, $4,000; Union dues deducted, $1,000; and Salariessubject to unemployment taxes, $50,000. The employee pays 40% of medical and life insurance premiums. Assume that FICA taxesare 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, includingemployee 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 tothe 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 2Req 3Req 4Using the above information, complete the below table and prepare the journal entries to record accrued payroll, includingemployee deductions, and cash payment of the net payroll (salaries payable) for July.Employee Medical Insurance PayableEmployee Life Insurance PayableRecord the cash payment of salaries.July 31TotalPremiumDateGeneral JournalCreditRecord journal entry for accrued payroll, including employee deductions, for July.July 31Debit% Paid by Premium PaidEmployees by EmployeesPremium Paidby Employer The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $300,000; Office salaries, $60,000; Federalincome taxes withheld, $90,000; State income taxes withheld, $20,000; Social security taxes withheld, $22,320; Medicare taxeswithheld, $5,220; Medical insurance premiums, $7,000; Life insurance premiums, $4,000; Union dues deducted, $1,000; and Salariessubject to unemployment taxes, $50,000. The employee pays 40% of medical and life insurance premiums. Assume that FICA taxesare 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, includingemployee 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 tothe 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 2Req 3Req 4Using the above information, complete the below table.Amounts Subjectto TaxTaxState Unemployment Taxes PayableFederal Unemployment Taxes PayableShow Transcribed TextThe following monthly data are taken from Ramirez Company at July 31: Sales salaries, $300,000; Office salaries, $60,000; Federalincome taxes withheld, $90,000; State income taxes withheld, $20,000; Social security taxes withheld, $22,320; Medicare taxeswithheld, $5,220; Medical insurance premiums, $7,000; Life insurance premiums, $4,000; Union dues deducted, $1,000; and Salariessubject to unemployment taxes, $50,000. The employee pays 40% of medical and life insurance premiums. Assume that FICA taxesare identical to those on employees and that SUTA taxes are 5.4% and FUTA taxes are 0.6%.

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Please Do not Give image format The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $300,000; Office salaries, $60,000; Federalincome taxes withheld, $90,000; State income taxes withheld, $20,000; Social security taxes withheld, $22,320; Medicare taxeswithheld, $5,220; Medical insurance premiums, $7,000; Life insurance premiums, $4,000; Union dues deducted, $1,000; and Salariessubject to unemployment taxes, $50,000. The employee pays 40% of medical and life insurance premiums. Assume that FICA taxesare 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, includingemployee 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 tothe 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 2Req 3Req 4Using the above information, complete the below table and prepare the journal entries to record accrued payroll, includingemployee deductions, and cash payment of the net payroll (salaries payable) for July.Employee Medical Insurance PayableEmployee Life Insurance PayableRecord the cash payment of salaries.July 31TotalPremiumDateGeneral JournalCreditRecord journal entry for accrued payroll, including employee deductions, for July.July 31Debit% Paid by Premium PaidEmployees by Employees< Req 1 and 2Req 3 >Premium Paidby Employer The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $300,000; Office salaries, $60,000; Federalincome taxes withheld, $90,000; State income taxes withheld, $20,000; Social security taxes withheld, $22,320; Medicare taxeswithheld, $5,220; Medical insurance premiums, $7,000; Life insurance premiums, $4,000; Union dues deducted, $1,000; and Salariessubject to unemployment taxes, $50,000. The employee pays 40% of medical and life insurance premiums. Assume that FICA taxesare 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, includingemployee 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 tothe 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 2Req 3Req 4Using the above information, complete the below table.Amounts Subjectto TaxTaxState Unemployment Taxes PayableFederal Unemployment Taxes PayableShow Transcribed TextThe following monthly data are taken from Ramirez Company at July 31: Sales salaries, $300,000; Office salaries, $60,000; Federalincome taxes withheld, $90,000; State income taxes withheld, $20,000; Social security taxes withheld, $22,320; Medicare taxeswithheld, $5,220; Medical insurance premiums, $7,000; Life insurance premiums, $4,000; Union dues deducted, $1,000; and Salariessubject to unemployment taxes, $50,000. The employee pays 40% of medical and life insurance premiums. Assume that FICA taxesare identical to those on employees and that SUTA taxes are 5.4% and FUTA taxes are 0.6%.< Req 1 and 21. & 2. Using the above information, complete the below table and prepare the journal entries to record accrued payroll, includingemployee deductions, and cash payment of the net payroll (salaries payable) for July.3. Using the above information, complete the below table.View transaction list4. Record the accrued employer payroll taxes and other related employment expenses and the cash payment of all liabilities related tothe 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.Reg 1 and 2 Req 3Record the accrued employer payroll taxes and other related employment expenses and the cash payment of all liabilities related to theJuly payroll-assume that Federal Insurance Contributions Act (FICA) taxes are identical to those on employees and that StateUnemployment Taxes (SUTA) are 5.4% and Federal Unemployment Taxes (FUTA) are 0.6%.Journal entry worksheet< 1 2 3Note: Enter debits before credits.Tax RateReq 4DateJuly 31Record entryTax AmountReq 4 >Record all employer's payroll expenses and liabilities for the month of July.General JournalClear entryDebitCreditView general journal

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While preparing table where we want to find out that how much amount we as a company deducting from…

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.