On January 8, the end of the first weekly pay perlod of the year, Regis Company's employees earned $24,760 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%,$13,360 of federal income taxes, $1,380 of medical insurance deductions, and $840 of union dues. No employee eamed 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 pald to each employee. The federal unemployment tax rate is 0.6%. 1.b. Prepare the joumal entry to record Regis Company's January 8 employee payroll expenses and liabilities. 2. Prepare the journal entry to record Regis's employerpayroll 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%. (2) Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Prepare the journal entry to record Regis Company's January 8 employee payroll expenses and liabilitics. (Round vour: answers to 2 decimal places.)