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On January 8 , the end of the first weekly pay period of the yeas, Regis Company's employees earned $27760 of office salaries and $60,840

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On January 8 , the end of the first weekly pay period of the yeas, Regis Company's employees earned $27760 of office salaries and $60,840 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%,$13,060 of federal income taxes, $1,420 of medical insurance deductions, and $840 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 5.4% of the first $7,00 cipaid to each employee. The federal unemployment tax rate is 0.6%. 1-b. Prepare the journal entry to record Regis Company's January 8 employee paytoll expenses and liabilities. 2. Prepare the journal entry to record Regis's employer payroll 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% Complete this question by entering your answers in the tabs below. Calculate bolow 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 peid to each employee. The federat unemployment tox rate is 0,6%6. Note: Round your ariswers to 2 decimal pleces. Journal entry worksheet Record the employee payroll expenses and liabilities for the first weekly pay period of the year. Notei. Inter debits before credits. Journal entry worksheet Record the employer's payroll expenses and liabilities for the first weekly pay period of the year. Note: Enter debits before credits

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