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$23.760 of office salaries and $70,840 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.20%, FICA

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$23.760 of office salaries and $70,840 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.20%, FICA Medicare taxes at the rate of 1.45%, $12,760 of federal income taxes, $1,420 of medical insurance deductions, and $960 of union dues. No employee earned more than $7,000 in this first period. Required: 1a. Calculate below the amounts for each of these four taxes of Regis Company Regis's merit rating reduces its state unemployment tax rate to 4% of the first $7.000 paid each employee. The federal unemployment tax rate is 2% 1b. Prepare the journal entry to record Regis Company's January 8 (employee) payroll expenses and liabilities, 2. Prepare the journal entry to record Regis's (employer) payroll taxes resulting from the January 8 payroll. Regis's merit rating reduces its state unemployment tax rate to 4% of the first $7,000 paid each employee. The federal unemployment tax rate is 2% Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2 Calculate below the amounts for each of these four taxes of Regis Company. Regis's merit rating reduces its state unemployment tax rate to 4% of the first $7,000 paid each employee. The federal unemployment tax rate is 2%. (Round your answers to 2 decimal places.) Regis Company's: Tax Rate Tax Amount January 8 earnings subject to tax Tax 6.20% 1.45% FICA-Social Security FICA-Medicare FUTA SUTA Required 1A Required 1B >

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