Question: Please help answer all 4 requirements! i have requirement 4 completed but not sure if its correct! thank you :) The following monthly data are

Please help answer all 4 requirements! i have requirement 4 completed but not sure if its correct! thank you :)
Please help answer all 4 requirements! i have requirement 4 completed but
not sure if its correct! thank you :) The following monthly data
are taken from Ramirez Company at July 31: Sales salaries, $200,000; Office
salaries, $160,000; Federal income taxes withheld, $90,000; State income taxes withheld, $20,000;

The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $200,000; Office salaries, $160,000; Federal income taxes withheld, $90,000; State income taxes withheld, $20,000; Social security taxes withheld, $22,320: Medicare taxes withheld, $5,220; Medical insurance premiums, $7,000; Life insurance premiums, $4,000; Union dues deducted, $1,000; and Salaries subject to unemployment taxes, $50,000. 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 5.4% 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, 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 5.4% and FUTA taxes are 0.6% Req 1 and 2 Req 3 Req 4 Using the above information, complete the below table and prepare the journal entries to record accrued pay. 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 Employee Life Insurance Payable 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 Req 1 and 2 Req3 Reg 4 Using the above information, complete the below table. Amounts Subject Tax to Tax State Unemployment Taxes Payable Federal Unemployment Taxes Payable Tax Rate Tax Amount employer payroll taxes and other related employment expenses and the cash payment of all liabilities rel. July payroll-assume that Federal Insurance Contributions Act (FICA) taxes are identical to those on employees and that State Unemployment Taxes (SUTA) are 5.4 % and Federal Unemployment Taxes (FUTA) are 0.6%. View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 July 31 Payroll taxes expense FICA-Social security taxes payable FICA-Medicare taxes payable State unemployment taxes payable Federal unemployment taxes payable July 31 Employee benefits expense Employee medical insurance payable Employee life insurance payable July 31 FICA-Social security taxes payable FICA-Medicare taxes payable Employee federal income taxes payable Employee state income taxes payable Employee medical insurance payable Employee life insurance payable Employee union dues payable State unemployment taxes payable Federal unemployment taxes payable Cash 2 3 30,540 6,600 44,640 10,440 90,000 20,000 7,000 4,000 1,000 2,700 300 22,320 5,220 2,700 300 4,200 2,400 180,080 The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $200,000; Office salaries, $160,000; Federal income taxes withheld, $90,000; State income taxes withheld, $20,000; Social security taxes withheld, $22,320: Medicare taxes withheld, $5,220; Medical insurance premiums, $7,000; Life insurance premiums, $4,000; Union dues deducted, $1,000; and Salaries subject to unemployment taxes, $50,000. 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 5.4% 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, 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 5.4% and FUTA taxes are 0.6% Req 1 and 2 Req 3 Req 4 Using the above information, complete the below table and prepare the journal entries to record accrued pay. 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 Employee Life Insurance Payable 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 Req 1 and 2 Req3 Reg 4 Using the above information, complete the below table. Amounts Subject Tax to Tax State Unemployment Taxes Payable Federal Unemployment Taxes Payable Tax Rate Tax Amount employer payroll taxes and other related employment expenses and the cash payment of all liabilities rel. July payroll-assume that Federal Insurance Contributions Act (FICA) taxes are identical to those on employees and that State Unemployment Taxes (SUTA) are 5.4 % and Federal Unemployment Taxes (FUTA) are 0.6%. View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 July 31 Payroll taxes expense FICA-Social security taxes payable FICA-Medicare taxes payable State unemployment taxes payable Federal unemployment taxes payable July 31 Employee benefits expense Employee medical insurance payable Employee life insurance payable July 31 FICA-Social security taxes payable FICA-Medicare taxes payable Employee federal income taxes payable Employee state income taxes payable Employee medical insurance payable Employee life insurance payable Employee union dues payable State unemployment taxes payable Federal unemployment taxes payable Cash 2 3 30,540 6,600 44,640 10,440 90,000 20,000 7,000 4,000 1,000 2,700 300 22,320 5,220 2,700 300 4,200 2,400 180,080

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