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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 $24.760 of

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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 $24.760 of office salaries and $70,840 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes art the rate of 6.20%. RCA Medcare taxes at the rate of 1 45%, $13.660 of federal income taxes, $1.420 of medical insurance deductions, and $900 of union dues. No employee earned more than $7,000 in this first period 1.1 Calcuiate below the amounts for each of these four taxes of Regis Company. Regis's merit rating reduces its state unemployment tax rate to 4% of the first $7,000 paid each employee. The federal unemployment tax rate is 060% (Round your enswers to 2 decimal place%) Tax Rate 12 Prepare the joumal entry to record Regis Compeny's January 8 jemployeej payroll expenses and lablides (Round your anewers to 2 decinal places. Journal entry worksheet Type here to search 10 144 3 4 5 6 7 8 9

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