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1 On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned $25,760 of office salaries and $60,840

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1 On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned $25,760 of office salaries and $60,840 of sales salaries. Withholdings from the employees salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $13,060 of federal Income taxes, $1,420 of medical Insurance deductions, and $900 of unlon dues. No employee earned more than $7,000 in this first period. Required: 1-2. Calculate below the amounts for each of these four taxes of Regis Company. Regis's state unemployment tax rate is 5.4% of the first $7,000 paid to each employee. The federal unemployment tax rate is 0.6% 1-b. Prepare the journal entry to record Regis Company's January 8 employee payroll expenses and Mobilities. 2. Prepare the journal entry to record Regis's employer payroll taxes resulting from the January 8 payroll Regis's state unemployment tax rate is 5.4% of the first $7,000 paid to each employee. The federal unemployment tax rate is 0.6% OCH rences Complete this question by entering your answers in the tabs below. Reg 1A Reg 16 Reg 2 Calculate below the amounts for each of these four taxes of Regis Company. Regis's state unemployment tax rate is 5.4% of the first $7,000 paid to each employee. The federal unemployment tax rate is 0.6%. (Round your answers to 2 decimal places) Tax Regis Company's January Earnings Subject to Tax Tax Rate Tax Amount FICAS Security FICA-Medicare FUTA SUTA Reg 1A Reg 10 Reg 2 Prepare the journal entry to record Regis Company's January 8 employee payroll expenses and liabilitles. (Round your answers to 2 decimal places) View transaction lit Book Journal entry worksheet Perences Record the employe payroll expenses and abilities for the first weekly pay period of the year Not Enter debts for credit General Journal Date January Debit Credit 1 Reg IA Reg 15 Reg 2 Prepare the journal entry to record Regis's employer payroll taxes resulting from the January 8 payroll. Regis's state unemployment tax rate is 5.4% of the first $7,000 pald to each employee. The federal unemployment tax rate is 0.6%. (Round your answers to 2 decimal places) 5 points View transaction let Book Journal entry worksheet s ce Record the employer's payroll expenses and liabilities for the first weekly pay period of the year Note de trece General Journal Date January Debit Credit Racondantry Claw entry View generalerna

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