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HOW TO FIND THE SALARAIES PAYABLE? I AM CONFUSE CAN SOMEONE PLEASE ANSWER THIS QUICK WITH EXPLANANTION???? Problem 9-2A (Algo) Entries for payroll transactions LO

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HOW TO FIND THE SALARAIES PAYABLE? I AM CONFUSE CAN SOMEONE PLEASE ANSWER THIS QUICK WITH EXPLANANTION????

Problem 9-2A (Algo) Entries for payroll transactions LO P2, P3 On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned $22,760 of office salaries and $70,840 of sales salaries. Withholdings from the employees' salaries include FICA Soclal Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%,$12,760 of federal income taxes, $1,440 of medical insurance deductions, and $920 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 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 liabilities. 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%. Complete this question by entering your answers in the tabs below. 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%. (Round your answers to 2 decimal places.)

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