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All parts please On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned $21,760 of office salanes
All parts please
On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned $21,760 of office salanes and $70,840 of sales salaries. Withholdings from the employees' salaries include FCA Social Secunty toxes at the ate of 62%, FICA Medicare taxes at the rate of 1.45%,$13,560 of federal income taxes, $1,330 of medical insurance deductions, and $880 of union dues No employee earned more than $7,000 in this first period. Required: 1-a. Calculate below the amounts for each of these four taxes of Regis Company. Regis's state unemployment tax tate is 5.43 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 liabilities. 2. Prepare the journal entry to record Regis's employer payroll taxes resulting from the January 8 payfoll. Regis's state unemployment tax rate is 5,4% of the first $7,000 paid to each empioyee. The federal unemployment tax rate is 0.6% Complete this question by entering your answers in the tabs below. Calculate below the amounts for each of these four taxes of Regis Company. Regis's state unemployment tax rate is 5.4$ of the first $7,000 paid to each employee. The federal unemployment tax rate is 0.6%. Note: Round your answers to 2 decimal places. 1-a. Calculate below the amounts for each of these four taxes of Regis Company. Regis's state undrmployment tax rate is 5.4% of the first $7,000 paid to each employee. The federal unemployment tox rate is 0.6% 1-b. Prepare the journat entry to record Regis Company's January 8 employee payroll expenses and liabilities. 2. Prepare the journal entry to record Regis's empioyer payroli taxes resulting from the January 8 poyroul pegis's stato unemploymem tax rate is 5.4% of the first $7,000 paid to each employee. The federal unemployment tax rate is 0.6% Prepare the journal entry to record Regis Company's January 8 employee payroll expenses ano uabmies. Note: Round your answers to 2 decimal places. Journal entry worksheet Record the employee payroll expenses and liabilities for the first weekly pay period of the year. Whata. Entan debits before credits. 1-a. Calculate below the amounts for each of these four taxes of Regis Company. Regis's state unemployment tax rate is 5.4X 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 payfoll expenses and liabilities. 2. Prepare the journal entry to record Regis's employer payroll taxes resulting from the January 8 payrollit. 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% Prepare the journal entry to record Regls's employer payroll taxes resulting from the January 8 payroll. Aegis's state unempleyment ths rate is 5.4% of the first $7,000 paid to each emplc. a. The federal unemployment tax rate is 0.6%. Note: Round your answers to 2 decimal places. Journal entry worksheet Record the employer's payroll expenses and liablities for the first weekly pay period of the year Step by Step Solution
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