On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned $26,760 of office salaries and $70,840 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $13,560 of federal income taxes, $1,400 of medical insurance deductions, and $940 of union dues. No employee earned more than $7,000 in this first period. Regis Company records office salaries and sales salaries as two separate accounts in its accounting records. Required: 11 Calculate below the amounts for each of these four taxes of Regis Company. Regis Company's state unemployment tax rate is 5.4% of the first 57000 paid to each employee. The federal unemployment tax rate is 0.6% 1.2 Prepare the journal entry to record Regis Company's January 8 employee payroll expenses and liabilities. 2. Prepare the journal entry to record Regis Company's employer payroll taxes resulting from the January 8 payroll. Regis Company'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. Req 1A Reg 1B Reg 2 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 $7,000 paid to each employee. The federal unemployment tax rate is 0.6%. (Round your answers to 2 decimal places.) Regis Company's: January 8 earnings Tax Rate subject to tax Tax Amount FICA Social Security FICA Medicare FUTA SUTA Reg 1 > Journal entry worksheet 01:37:21 Record the employee payroll expenses and liabilities for the first weekly pay period of the year. Note: Enter debits before credits General Journal Debit Credit Date Jan 08 Reg 1A Reg 1B Reg 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%. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet Record the employer's payroll expenses and liabilities for the first weekly pay period of the year. hote: Enter debits before credits Date General Journal Debit Credit Jan 08