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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

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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% $13,260 of federal income taxes, $1,390 of medical insurance deductions, and $780 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 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 0.6% * Answer is not complete. Complete this question by entering your answers in the tabs below. Reg 1A Reg 18 Reg 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% (Round your answers to 2 decimal places.) No Debit Credit Date Jan 08 General Journal Payroll taxes expense FICA-Social sec. taxes payable FICA-Medicare taxes payable State unemployment taxes payable Federal unemployment taxes payable 5.927 20 138620 olol

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