On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned $26,760 of office salaries and $60,840 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%, $12,760 of federal income taxes, $1,460 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 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 paid to each employee. The federal unemployment tax rate is 0.6% Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Reg 1A Reg 18 Reg 2 Prepare the journal entry to record Regis Company's January 8 employee payroll expenses and abilities. (Round your answers to 2 decimal places.) No Credit Date Jan 08 General Journal Office salaries expense Debit 26,760.00 Prepare the journal entry to record Regis Company's January 8 employee payroll expenses and liabilities. (Round your answers to 2 decimal places.) No Credit Date Jan 08 1 Dobit 26,760.00 60,840.00 General Journal Office salaries expense Sales salaries expense FICA-Social sec, taxes payable FICA-Medicare taxes payable Employee fed. Inc. taxes payable Employee medical insurance payable Employee union dues payable Salaries payable 5,431.20 1,270,20 12,860.00 % 1.410.00 880.00 65,748,60