On January 6, the end of the rst weekly pay period of the year, Regis Company's payroll register showed that its employees earned $26,760 of ofce salaries and $60,840 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%, $12,360 of federal income taxes, $1,400 of medical insurance deductions, and $900 0! union dues. No employee earned more than $7,000 in this rst period. Required: 1.1 Calculate below the amounts for each of these four taxes of Regis Company. Regis's merit rating reduces its state unemployment tax rate to 3% of the rst $7,000 paid each employee. The federal unemployment tax rate is 0.60%. (Round your answers to 2 decimal places.) FICAasocial Security 5,431.20 FICAaMedicare 1,270.20 525.60 2,628.00 1.2 Prepare the journal entry to record Regis Company's January 6 (employee) payroll expenses and iabiiities. (Round your answers to 2 decimal places.) View transaction Iisl Viewjoumal entry worksheet /' 1 Jan 05 Ofce salaries expense 26,760 00 Sales salaries expense 60,840 00 FICAisocial sec, taxes payable 5,431 20 FICAiMedicare taxes payable 1,270 20 Employee ted inc taxes payable 12,960 00 Employee medical Insurance payable 1,400.00 Employee union dues payable 900 00 Salaries payable 2. Prepare the journal entry to reoord Regis's (employer) payroll taxes resulling from lhe January 8 payroll. Regis's meril rating reduoes its state unemployment lax rate to 3% of the rst $7,000 paid each employee. The federal unemployment tax rate is 0.50%. (Round your answers to 2 decimal places.) View transaction lisl Viewjnumal entry worksheet I 1 Jan 08 Payroll taxes expense FICAisccial sec. taxes payable 5,431 20 FICAiMedicare taxes payable 1,270 20 State unemployment taxes payable 2,628 00 Federal unemployment Iaxes payable 525 60