Exercise $9-10($Algo$)$ Recording payroll LO P$2,$ P$3$ The following monthly data are taken from Ramirez Company at July $31$: Sales salaries, $$620,000$; Office salaries, $$124,000$; Federal income taxes withheld, $$186,000$; State income taxes withheld, $$41,500$; Social security taxes withheld, $$46,128$; Medicare taxes withheld, $$10,788$; Medical insurance premiums, $$15,000$; Life insurance premiums, $$12,000$; Union dues deducted, $$9,000$; and Salaries subject to unemployment taxes, $$66,000.$ 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 $0\mathrm{.}6\%.$

employee deductions, and cash payment of the net payroll $($salaries payable$)$ for July.Complete this question by entering your answers in the tabs below.

Using the above information, complete the below table.Record the accrued employer payroll taxes and other related employment expenses and the cash payment of all liabilities relat

Using the above information, complete the below table and Prepare the journal entries to record accrued payroll and cash

payment of the net payroll for July.

Using the above information, complete the below table.

Record the accrued employer payroll taxes and all other employer$-$paid expenses and the cash payment of all liabilities for July$-$assume

that FICA taxes are identical to those on employees and that SUTA taxes are $5\mathrm{.}4\%$ and FUTA taxes are $0\mathrm{.}6\%$

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