On January 8, the end of the first weekly pay period 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%, $13,460 of federal income taxes, $1,440 of medical insurance deductions, and $820 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% Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B 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 8 earnings Tax Tax Rate Tax Amount subject to tax FICA Social Security FICA-Medicare FUTA SUTA Reg 1B RA On January 8, the end of the first weekly pay period 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 62%. FICA Medicare taxes at the rate of 145%. $13,460 of federal income taxes, $1440 of medical insurance deductions, and $820 of union dues No employee earned more than $7,000 in this first period Required: 11 Calculate below the amounts for each of these four taxes of Regis Company, Regis's state unemployment tax rates 54% 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 state unemployment tax rate is 5.4% of the first $7,000 paid to each employee. The federal unemployment tax rate is 06% Complete this question by entering your answers in the tabs below. Red LA Reg 13 Reg 2 Prepare the foumal entry to record Regis Company's January 8 employee payroll expenses and liabilities. (Round your answers to 2 decimal places.) View transaction Journal entry worksheet 2 Record the employee payroll expenses and abilities for the first weekly pay period of the year. Be Enterdits before Debit Credit General Journal Jan 08 On January 8, the end of the first weekly pay period of the year, Regis Company's employees camned $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 62%, FICA Medicare taxes at the rate of 1.45%. $13.460 of federal income taxes, $1,440 of medical insurance deductions, and $820 of union dues No employee earned more than $7,000 in this first period Required: 11 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 abilities. 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 06% Complete this question by entering your answers in the tabs below. Reg LA Reg 13 Reg2 Prepare the journal entry to record Regis's employer payroll taxes resulting from the January 8 payroll, Regis's state unemployment tax rate is 5.45 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 transactions Journal entry worksheet
