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On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned $22,760 of office salaries and $65,840 of

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On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned $22,760 of office salaries and $65,840 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, $1,340 of medical insurance deductions, and $840 of union dues. No employee earned more than $7,000 in this first period. Required: 1-a. 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-b. 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% Complete this question by entering your answers in the tabs below. Req 1A Reg 13 Req2 decimal places.) Prepare the journal entry to record Regis Company's January 8 employee payroll expenses and liabilities (Round your answers to 2 View transaction list View Journal entry worksheet Date General Journal 1 January 08 No Debit Credit No Transaction Recorded Work Problems Saved On January 8, the end of the first weekly pay period of the year, Regis Company's employees earne $65,840 of sales salaries. Withholdings from the employees' salaries include FICA Social Security ta Medicare taxes at the rate of 1.45%, $12,860 of federal income taxes, $1,340 of medical insurance du No employee earned more than $7,000 in this first period. Required: 1-a. Calculate below the amounts for each of these four taxes of Regis Company. Regis's state unemp first $7,000 paid to each employee. The federal unemployment tax rate is 0.6%. 1-b. Prepare the journal entry to record Regis Company's January 8 employee payroll expenses and li 2. Prepare the journal entry to record Regis's employer payroll taxes resulting from the January 8 payr tax rate is 5.4% of the first $7,000 paid to each employee. The federal unemployment tax rate is 0.6%. Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Reg 2 Calculate below the amounts for each of these four taxes of Regis Company. Regis's state unemployment tax the first $7,000 paid to each employee. The federal unemployment tax rate is 0.6%. (Round your answers to places.) Tax Regis Company's: January 8 Earnings Tax Rate Subject to Tax Tax Amount FICA-Social Security FICA-Medicare FUTA SUTA Reg 13 > View transaction list Journal entry worksheet

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