On January 8, the end of the first weekly pay period of the year, Regis Company's payroll register showed that its employees earned $27.760 of office salaries and $70,840 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%, $12,760 of federal income taxes, $1,330 of medical insurance deductions, and $880 of union dues. No employee earned more than $7,000 in this first period. Required: 1a. Calculate below the amounts for each of these four taxes of Regis Company. Regis's merit rating reduces its state unemployment tax rate to 4% of the first $7,000 paid each employee. The federal unemployment tax rate is 2%. 1b. 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 merit rating reduces its state unemployment tax rate to 4% of the first $7,000 paid each employee. The federal unemployment tax rate is 2%. Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 2 Calculate below the amounts for each of these four taxes of Regis Company, Regis's merit rating reduces its state unemployment tax rate to 4% of the first $7,000 paid each employee. The federal unemployment tax rate is 2%. (Round your answers to 2 decimal places.) Regis Company's: Tax January 8 earnings Tax Rate subject to tax Tax Amount FICA-Social Security $ 98,000 6.20% 6,113.20 FICA Medicare 98,600 1.45% 1,420.70 FUTA 98,600 SUTA 98,600 R 1A Required 18 >