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

January 8, the end of the first weekly pay period of the year, Regis Company's employees earned $27,760 of office salaries and 0,840 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.2%, FICA edicare taxes at the rate of 1.45%,$13,560 of federal income taxes, $1,380 of medical insurance deductions, and $880 of union dues. employee earned more than $7,000 in this first period.
quired:
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 st $7,000 paid to each employee. The federal unemployment tax rate is 0.6%.
b. Prepare the journal entry to record Regis Company's January 8 employee payroll expenses and liabilities.
Prepare the journal entry to record Regis's employer payroll taxes resulting from the January 8 payroll. Regis's state unemployment ax rate is 5.4% of the first $7,000 paid to each employee. The federal unemployment tax rate is 0.6%.
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Req 2
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.
\table[[Regis Company's:],[Tax,\table[[January 8 Earnings],[Subject to Tax]],Tax Rate,Tax Amount],[FICA-Social Security,,,],[FICA-Medicare,,,],[FUTA,,,],[SUTA,,,]]
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