On January 8, the end of the first weekly pay perlod of the year, Regis Company's payroll register showed that its employees earned $22,760 of office salaries and $65,840 of sales salarles. Withholdings from the employees' salarles Include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $12,860 of federal income taxes, $1340 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 merit rating reduces its state unemployment tax rate to 4% of the first $7,000 paid 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 6.20% FICA-Social Security FICA-Medicare FUTA SUTA 88,600 5,493.20 88,600 1.45% : 1,284.70 1.2 Prepare the journal entry to record Regis Company's January 8 (employee) payroll expenses and liablties. (Round your answers to 2 declmal places.) View transaction list