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January 8 , the end of the first weekly pay period of the year, Regis Company's employees rned $ 2 5 , 7 6 0

January 8, the end of the first weekly pay period of the year, Regis Company's employees rned $25,760 of office salaries and $70,840 of sales salaries. Withholdings from the iployees' salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at rate of 1.45%,$13,560 of federal income taxes, $1,460 of medical insurance deductions, and 20 of union dues. No employee earned more than $7,000 in this first period.
quired:
Calculate below the amounts for each of these four taxes of Regis Company. Regis's state employment tax rate is 5.4% of the first $7,000 paid to each employee. The federal employment tax rate is 0.6%.
. Prepare the journal entry to record Regis Company's January 8 employee payroll expenses d liabilities.
Prepare the journal entry to record Regis's employer payroll taxes resulting from the January 8 yroll. Regis's state unemployment tax rate is 5.4% of the first $7,000 paid to each employee. e federal unemployment tax rate is 0.6%.
Complete this question by entering your answers in the tabs below.
'repare the journal entry to record Regis Company's January 8 employee payroll expenses and liabilities. vote: Round your answers to 2 decimal places.
View journal entry worksheet
\table[[No,Date,General Journal,Debit],[1,January 08,Office salaries expense,25,760.00
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