The following monthly data are taken from Ramirez Company at July 31:

Sales salaries $300,000
Office salaries $60,000
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
Salaries subject to unemployment taxes $50,000
The employee pays 40% of medical and life insurance premiums.

Prepare journal entries to record:

1. Accrued payroll, including employee deductions for July.

2. Cash payment of the net payroll (salaries payable) for July.

3. Accrued employer payroll taxes and other related employment expenses, for July - assume that FICA taxes are identical to those on employees and that SUTA taxes are 5.4% and FUTA taxes are 0.8%.

4. Cash payment of all liabilities related to the July Payroll.

At fenway park, home of the boston red sox, seating is limited to 38,000. hence, the number of tickets issued is fixed at that figure. the following graph shows the demand and supply for red sox tickets. use the graph input tool to you answer the following questions. you will not be graded on any changes you make to this graph. 0 38 76 100 90 80 70 60 50 40 30 20 10 0 price of tickets quantity of tickets (thousands) demand supply graph input tool market for tickets price 10 quantity demanded (thousands of tickets) 68 quantity supplied (thousands of tickets) 38 tax on buyers 0.00 seeing a golden opportunity to raise revenue, the city of boston levies a per ticket tax of $5 to be paid by the ticket buyer. boston sports fans, a famously civic-minded lot, send in the $5 per ticket. true or false: the entire tax burden falls on the team’s owners because supply is perfectly inelastic. true false