The following monthly data are taken from Ramirez Company at July 31: Sales salarles, $560.000; Office salarles, $112.000:Federal Income taxes withheld, $168,000: State Income taxes withheld, $37,500; Socilal security taxes withheld, $41,664:Medicare taxes withheld, $9,744; Medical Insurance premlums, $13,500; Life Insurance premlums, $10,500; Union duesdeducted, $7.500: and Salarles subject to unemployment taxes, $63,000. The employee pays 40% of medical and lifeInsurance premlums. Assume that FICA taxes are ldentical to those on employees and that SUTA taxes are 5.4% and FUTAtaxes are 0.6%182. Using the above Information, complete the below table and prepare the Journal entrles to record accrued payroll andcash 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 labilitlesfor July-assume that FICA taxes are identical to those on employees and that SUTA taxes are 5.4% and FUTA taxes are0.6%.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 joumal entries to record accrued payroll and cashpayment of the net payroll for July.% Paid by Premium PaidPremium Employees by EmployeesTotalPremium Paidby EmployerEmployee Medical Insurance PayableEmployee Life Insurance PayableDateGeneral JournalDebitCreditRecord journal entry for accrued payroll, including employee deductions, for July.July 31Record the cash payment of salaries.July 31 The following monthly data are taken from Ramirez Company at July 31: Sales salarles, $560.000; Office salarles, $112.000;Federal Income taxes withheld, $168,000: State Income taxes withheld, $37,500; Soclal security taxes withheld, $41,664;Medicare taxes withheld, $9,744; Medical Insurance premlums, $13,500: Life Insurance premlums, $10.500: Union duesdeducted, $7,500: and Salarles subject to unemployment taxes, $63,000. The employee pays 40% of medical and lifeInsurance premlums. Assume that FICA taxes are Identical to those on employees and that ŠUTA taxes are 5.4% and FUTAtaxes are 0.6%.182. Using the above Information, complete the below table and prepare the journal entries to record accrued payroll andcash payment of the net payroll for July.Using the above information, complete the below table.4. Record the accrued employer payroll taxes and all other employer-pald expenses and the cash payment of all labilities forJuly-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.AmountsТахTax Rate Tax AmountSubject to TaxState Unemployment Taxes PayableFederal Unemployment Taxes Payable

Question

The following monthly data are taken from Ramirez Company at July 31: Sales salarles, $560.000; Office salarles, $112.000:Federal Income taxes withheld, $168,000: State Income taxes withheld, $37,500; Socilal security taxes withheld, $41,664:Medicare taxes withheld, $9,744; Medical Insurance premlums, $13,500; Life Insurance premlums, $10,500; Union duesdeducted, $7.500: and Salarles subject to unemployment taxes, $63,000. The employee pays 40% of medical and lifeInsurance premlums. Assume that FICA taxes are ldentical to those on employees and that SUTA taxes are 5.4% and FUTAtaxes are 0.6%182. Using the above Information, complete the below table and prepare the Journal entrles to record accrued payroll andcash 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 labilitlesfor July-assume that FICA taxes are identical to those on employees and that SUTA taxes are 5.4% and FUTA taxes are0.6%.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 joumal entries to record accrued payroll and cashpayment of the net payroll for July.% Paid by Premium PaidPremium Employees by EmployeesTotalPremium Paidby EmployerEmployee Medical Insurance PayableEmployee Life Insurance PayableDateGeneral JournalDebitCreditRecord journal entry for accrued payroll, including employee deductions, for July.July 31Record the cash payment of salaries.July 31< Reg 1 and 2Req 3 > The following monthly data are taken from Ramirez Company at July 31: Sales salarles, $560.000; Office salarles, $112.000;Federal Income taxes withheld, $168,000: State Income taxes withheld, $37,500; Soclal security taxes withheld, $41,664;Medicare taxes withheld, $9,744; Medical Insurance premlums, $13,500: Life Insurance premlums, $10.500: Union duesdeducted, $7,500: and Salarles subject to unemployment taxes, $63,000. The employee pays 40% of medical and lifeInsurance premlums. Assume that FICA taxes are Identical to those on employees and that ŠUTA taxes are 5.4% and FUTAtaxes are 0.6%.182. Using the above Information, complete the below table and prepare the journal entries to record accrued payroll andcash payment of the net payroll for July.Using the above information, complete the below table.4. Record the accrued employer payroll taxes and all other employer-pald expenses and the cash payment of all labilities forJuly-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.AmountsТахTax Rate Tax AmountSubject to TaxState Unemployment Taxes PayableFederal Unemployment Taxes Payable< Req 1 and 2Req 4 >

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