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January 8, the end of the first weekly pay period of the year, Regis Company's employees earned $25,760 of ofice salaries and $60,840 of sales

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January 8, the end of the first weekly pay period of the year, Regis Company's employees earned $25,760 of ofice salaries and $60,840 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.2%, :ICA Medicare taxes at the rate of 1.45%, $13,160 of federal income taxes, $1,460 of medical insurance deductions, and $900 f union dues. No employee earned more than $7,000 in this first period. equired: 1.1 Calculate below the amounts for each of these four taxes of Regis Company. Regis's state unemployment tax rate is 5.4% of he first $7,000 paid to each employee. The federal unemployment tax rate is 0.6%. 1.2 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 nemployment tax rate is 5.4% of the first $7,000 paid to each employee. The federal unemployment tax rate is 06%. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2 Prepare the journal entry to record Regis Company's January 8 employee payroll expenses and liabilities. (Round your answers to 2 decimal places.) View transaction list

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