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On January 8, the end of the first weekly pay period of the year, Regis Company's payroll register showed that its employees earned $21760 of
On January 8, the end of the first weekly pay period of the year, Regis Company's payroll register showed that its 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 20%. FICA Medicare taxes at the rate of 145%. $13.460 of federal income taxes. $1350 of medical insurance deductions, and $800 of union dues. No employee earned more than $7000 in this first period. Required: 1.1 Calculate below the amounts for each of these four taxes of Regis Company. Regiss merit rating reduces its state unemployment tax rate to 45 of the first $7000 paid each employee. The federal unemployment tax rates 0.60% (Round your answers to 2 decimal places.) ry Bag FICA Soal Security FUTA SUTA
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