Check my work mode: This shows what is correct or incorrect for the work you have 6 On January 8, the end of the first weekly pay period of the year, Regis Company's payroll register showed that its employees earned $21,760 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, $1,360 of medical insurance deductions, and $800 of union dues. No employee earned more than $7,000 in this first period points Required: 11 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 0.60%. (Round your answers to 2 decimal places.) Answer is complete but not entirely correct. Regls Company's January 8 earnings Tax Rate Tax Amount subject to tax FICA-Social Security FICA-Medicare FUTA SUTA 92,600 92,600 92,600 92,600 6.20% 1.45% 4.00% 0.60% 5,741.20 1,342.70 3.704.00 555.60 1.2 Prepare the journal entry to record Regis Company's January 8 (employee) payroll expenses and liabilities. (Round your answers to 2 decimal places.) Answer is complete but not entirely correct. No Date General Journal Deblt 21.760.00 70,840.00 Credit Jan 08 Office salaries expense Sales salaries expense Sales taxes payable FICA-Social sec. taxes payable FICA-Medicare taxes payable Employee union dues payable Merchandise inventory Cost of goods sold 13,560.00 ,741.20 1,342.70 800.00 1,360.00 69,797.00