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On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned $20,760 of office salaries and $60.840 of

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On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned $20,760 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%, $13,560 of federal income taxes. $1,380 of medical insurance deductions, and $940 of union dues No employee earned more than $7,000 in this first period Required: 1.1 Calculate below the amounts for each of these four taxes of Regis Company Regis's state unemployment tax rate is 54% of the first $7,000 paid to each employee. The federal unemployment tax rate is 06% 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'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. Reg 1A Reg 1B Reg 2 Prepare the Journal entry to record Regis Company's January 8 employee payroll expenses and abilities. (Round your answers to 2 decimal places.) View transaction list View journal entry worksheet No Debat Credit Date Jan 08 2 1 20,760.00 60.840.00 General Journal Orice salaries expense Sales salaries expense FICA-Social sectaxes payable FICA-Medicare taxes payable Employee-fed inc taxes payable 5,059 20 1 18320 12.96000 ZUUU paid to each employee. The federal unemployment tax rate is 0.6%. DOLC Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 2 Prepare the journal entry to record Regis Company's January 8 employee payroll expenses and liabilities. (Round your answer decimal places.) View transaction list View journal entry worksheet NO Date General Journal Credit 1 Jan 08 Debit 20.760.00 60 840.00 Office salaries expense Sales salaries expense FICA-Social sec, taxes payable FICA---Medicare taxes payable Employee fed inc taxes payable Employee union dues payable Salaries payable 5,059 20 1,183.20 12.960.00 840,00 60.187.60 Reg 1A Reg 2 >

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