On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned $27,760 of office salaries and $60,840 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%, $12,960 of federal Income taxes, $1,430 of medical Insurance deductions, and $880 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 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%. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req1A Reg 1B Reg 2 Prepare the journal entry to record Regis Company's January 8 employee payroll expenses and liabilities. (Round your answers to 2 decimal places.) No Date General Journal Debit Credit 1 Jan 08 Office salaries expense 27,760 Sales salaries expense 60,840.C FICA-Social sec. taxes payable 5,493 20 FICA-Medicare taxes payable 1,284.70 Employee fed.inc. taxes payable 13,560.0X Employee medical insurance payable Employee union dues payable Salaries payable SSO 1,340.00X 900.00X 66,022.X