On January 8 , the end of the first weekly pay period of the year, Regis Company's employees earned $21760 of office salaries and 570,840 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.2%, FICA Jedicare taxes at the rate of 1.45%,$12,660 of federal income taxes, $1,360 of medical insurance deductions, and $780 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 54% of the irst $7,000 paid to each employee. The federal unemployment tax rate is 06% 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 payroli 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% (2) Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Prepare the joumal entry to record Regis Company's lanuary 8 employee peyroll expenses and llabilities. Note: Round your answers to 2 decimal places On January \&, the end of the first weebly pary period of the year, Regis Company's employees earned $21760 of office salaries and $70,840 ot sales salaries. Witholdings from the employees' salaries include FiCA Social Security taxes at the fate of 6.2%, FiCA Medcare taxes at the rate of 1.45%,$12,660 of federal income taves, $1,360 of medical insurance deductions, and $780 of union dives. No employee earned more than 57,000 in this first perlod. Required: 1.a. Calculate below the amounts for each of these four taxes of Regis Campany Regis's state unemployment tax rate is 5.4% of the first $7,000 poid to each employee. The federal unemployment tax fate is 0.6%. 1.6. Prepare the journal entry to record Regis Compary's Janusry 8 employee payroll expenses and liabiaties. 2. Prepare the journal entry to record Regis's employer poyrolt taxos resulting trom the January 8 poyroll. Regis's state unemployment tax rate is 5.4 . of the fist $7,000 pald to each employee. The foderal unemployment tax tato is 0.6%. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Prepare the journal entry to record Regiv's employe povroll tans resuting from the lanuary 8 parroll. Regis's state Note' hound your answers to 2 decimal places. On January 8 , the end of the first weekly pay period of the yeac, Regis Companys employees earned $21,760 of office salaries and $70,840 of sales salaries. Whinholdings foom the employees' saluries include FICA Sociat Security tames at the rate of 6.2%, FCA Medicare taxes at the rate of 1.45%,$12,660 of federal income taxes, $1,360 of medical insurance deductions, and $780 of union dues. No employee earned more than $7,000 in this first period. Required: 1-a. Caiculate below the amounts for each of these four toxes of Regis Company. Regis's state inemployment tox rate is 5.4% of the frst $7,000 pald to each employee. The federal unemployment tax rate is 0.6% 1.6. Prepare the joumal entry 10 record Regis Company's January 8 employeve parroll expenses and liabilifies. 2. Prepare the journal entry to record Regis's employer payroil tawes resuling from the January 8 payrell. Regis's state unemployment taxiate is 5.4% of the first 57.000 paid to each employee. The federal unemployment tax rate is 06%. Answer is cemplete but not entirely correct. Complete this question by entering your answers in the tabs below. Calailse 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 federat unemployment tax rate is 0.6%. Note: Round your answers to 2 decimal places
