9-3A

On January 8, the end of the first weekly pay period of that its employees earned $22, 760 of office salaries and $65, 840 of sales salaries. from the employees' salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%. $12, 860 of federal income taxes, $12, 800 of federal income taxes, $1, 340 of medical insurance deductions, and $840 of union dues. Calculate FICA Social Security taxes payable and FICA Medicare taxes payable. Prepare the journal entry to record Regis Company's January 8 employee payroll expenses and liabilities. Prepare the journal entry to pay the January 8 payroll. Regis uses a special payroll bank account. The payroll records of swift Company provided the following data for the weekly pay period ended December 7: The FICA Social Security tax rate is 6.2% and the FICA Medicare tax rate is 1.45% on all of this week's wages paid to each employee. The state income tax equals 8 percent of the amount withheld for federal income tax purposes. (Use the withholding tables in Exhibits 9.4 and 9.5.) Prepare a payroll register similar to that in Exhibit 9.8 for Swift Company for the pay period ending December 7. Your payroll register should have columns for employee name, gross pay, federal income tax withheld, state income tax withheld, Social Security tax, Medicare tax, and deductions medical insurance, union dues, and United Way contributions, and net pay. Prepare the journal entry to pay the December 7 payroll. Prepare the journal entry to pay the December 7 payroll. Swift Company does not use a special payroll bank account