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%, $13,260 of federal income taxes, $1,430 of medical insurance deductions, and $840 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 $7000 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 pold to each employee. The federal unemployment tax rate is 0.6% Complete this question by entering your answers in the tabs below. Red 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%. (Round your answers to 2 decimal places) Regis Company's January learnings Tax Rate subject to tax TAK Tax Amount FICA Social Security FICA Medicare FUTA SUTA Req 18> 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%, $13,260 of federal income taxes, $1,430 of medical insurance deductions, and $840 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 . Regls's state unemployment tax rate is 5,4% of the first $7000 paid to each employee. The federal unemployment tax rate is 0.6% Complete this question by entering your answers in the tabs below. Reg 1 Reg 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 ist Journal entry worksheet 1 > Record the employee payroll expenses and liabilities for the first weekly pay period of the year Note Enter dabis balore credits Goneral Journal Dobit Credit Jan 08 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 soles 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%, $13.260 of federal income taxes. $1430 of medical Insurance deductions, and $840 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 pold 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 $7000 paid to each employee. The federal unemployment tax rate is 0.6% DOK int Complete this question by entering your answers in the tabs below. renco Reg 1A Reg 16 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
