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On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned $28,760 of office salaries and $70,840 of

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On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned $28,760 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%. $12.960 of federal income taxes, $1,390 of medical insurance deductions, and $800 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 5.4% of the first $7.000 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'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. 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 subject to tax Tax Rate Tax Amount FICA Social Security FICA-Modicare FUTA SUTA Req 18 > Reg 1A Req 18 Reg 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 Journal entry worksheet 1 Record the employee payroll expenses and liabilities for the first weekly pay period of the year Note: Enter debits before credits Date General Journal Debit Credit Jan 08 Record entry Clear entry View general Journal Record the employer's payroll expenses and liabilities for the first weekly pay period of the year. Note Enter debits before credits Date General Journal Debit Credit Jan 08 Record entry Clear entry View general Journal

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