1) 360,000
2) 217,060
3) 37,140
4) 180,080
Explanation:
1)
To calculate the amount of premium paid by the employee and the employer.
consider employee medical insurance payable ,and employee life insurance payable.
The journal entries for accrual payroll, including employee deductions,
consider sales salaries expense
office salaries expense, social sec taxes payable medicare tax payable, employee income taxes, life insurance payable, union dues, salaries payable.
2)
Journal entry for cash payment of net payroll for month of July
consider salaries payable and cash.
3)
Calculate the unemployment tax amount,
consider state unemployment taxes and federal unemployment taxes
Journey Entries for accrued employer payroll taxes,
Payroll taxes expenses, social taxes, medicare taxes, state unemployment taxes, federal unemployment taxes, employee medical and life insurance.
4)
Journal entries for cash payment of all libraries.
consider, social medical taxes, employee fed, medical, life and state income taxes payable.
