On January 8, the end of the first weekly pay period of the year, Regis Company's payroll register showed that its employees earned $25,760 of office salaries and $70,840 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.20%, FICA Medicare taxes at the rate of 1.45%, $13,160 of federal income taxes, $1,350 of medical insurance deductions, and $900 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 2% of the first $7.000 paid each employee. The federal unemployment tax rate is 0.60% (Round your answers to 2 decimal places.) 10 (2 . Tax Rate Tax Amount Hegis company's Tax FICA-Social Security FICA-Medicare FUTA SUTA 1.2 Prepare the journal entry to record Regis Company's January 8 (employee) payroll expenses and liabilities. (Round your answers to 2 decimal places.) View transaction that Journal entry worksheet Exam 2 - Chapters 9 & 10 Help 1.2 Prepare the journal entry to record Regis Company's January 8 (employee) payroll expenses and liabilities. (Round your answ to 2 decimal places.) 26 View transaction list 10 points Journal entry worksheet (8 01-18.00 Record the employee payroll expenses and liabilities for the first weekly pay period of the year. Note: Enter debits before credits General Journal Debit Credit Record entry Clear entry View general Journal m 2 - Chapters 9 & 10 6 Help Save & Exit Sul 26 2. Prepare the journal entry to record Regis's (employer) payroll taxes resulting from the January 8 payroll. Regis's merit rating reduces its state unemployment tax rate to 2% of the first $7,000 paid each employee. The federal unemployment tax rate is 0.60% (Round your answers to 2 decimal places.) points View transaction list (2 01:1429 Journal entry worksheet Record the employer's payroll expenses and liabilities for the first weekly pay period of the year. Note: Enter debts before credes. General Journal Debit Credit Record entry Clementy View general Journal