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On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned $23,760 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 $23,760 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%, $13,460 of federal income taxes, $1,340 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 pald 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. Reg 1A Reg 10 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.) Rogla Company's: January 8 earnings subject to tax Tax Rate Tax Tax Amount FICA Social Secunty FICA--Medicare FUTA SUTA Reg 18 > Req 1A Req 18 Req 2 Prepare the journal entry to record Regis Company's January 8 employee payroll expenses and liabilitles. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet 1 Record the employbe payroll expenses and liabilities for the first weekly pay period of the year. Note: Enter debits before credits Date General Journal Dobit Credit Jan 08 Complete this question by entering your answers in the tabs below. Reg 1A Reg 18 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 1 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 Dobit Credit Jan 08 Record entry Clear entry View general Journal

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