On January 8, the end of the first weekly pay period of the year, Regis Company's payroll register showed that its employee office salaries and of sales salaries. Withholdings the salaries indude FICA Social Security at the rate of taxes at rate of 1.45%, $13,360 federal income taxes, $1,430 of medical insurance deductions, and $960 of union dues. No employee eamed more than $7,000 in this first period. Required: 1.1 Calculate below the amounts for each of these four taxes ofRegis 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 0.60%. (Round your answers to 2 decimal places.) Regis Company's January 8 earnings Tax Rate Tax Amount FICA Social Security FICA Medicare FUTA SUTA 1.2 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 view general journal Journal Entry Worksheet Record the employee payroll expenses and liabilities for the first weekly pay period year. Date General Journal Debit Credit Jan 08 I'm Cortana, Ask me anything