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, $$520,000$; Office salaries, $$104,000$; Federal income taxes withheld, $$156,000$; State income taxes withheld, $$35,000$; Social security taxes withheld, $$38,688$; Medicare taxes withheld, $$9,048$; Medical insurance premiums, $$12,500$; Life insurance premiums, $$9,500$; Union dues deducted, $$6,500$; and Salaries subject to unemployment taxes, $$61,000.$ 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 $0\mathrm{.}6\%.$

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 J$$ly$.$

Req $3$