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On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned $21760 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 $21760 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%. $13,360 of federal income taxes, $1.410 of medical insurance deductions, and $900 of union dues. No employee earned more than $7.000 in this first period. Required: 1-a. 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-b. 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% OOK int Complete this question by entering your answers in the tabs below. mences Reg 1A Reg 18 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% (found your answers to 2 decimal places.) Tax Regis Company's: January 8 Earnings Subject to Tax Tax Rate Tax Amount FICA-Social Security FICA-Medicare FUTA SUTA Reg 13 > Req 1A Reg 16 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 ook Journal entry worksheet Record the employer's payroll expenses and liabilities for the first weekly pay period of the year. Note: Enter debits before credits Debit Credit General Journal Date January 08 View general Journal Record entry Clear entry

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