On January 8, the end of the first weekly pay period of the year, Regis Company's 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 6.2%, FICA Medicare taxes at the rate of 1.45%, $12,860 of federal income taxes, $1,440 of medical insurance deductions, and $920 of union dues. No employee earned more than $7,000 in this first period.

Required:

2. Prepare the journal entry to record Regiss employer payroll taxes resulting from the January 8 payroll. Regiss state unemployment tax rate is 5.4% of the first $7,000 paid to each employee. The federal unemployment tax rate is 0.6%.

Date	General Journal	Debit	Credit
January 08	Payroll taxes expense
	FICASocial security taxes payable
	FICAMedicare taxes payable
	Federal unemployment taxes payable
	State unemployment taxes payable