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OW Shows your responses and what was marked correct and incorrect from your previous On January 8, the end of the first weekly pay period

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OW Shows your responses and what was marked correct and incorrect from your previous On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned $24.760 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%. $13.460 of federal income taxes. $1.440 of medical insurance deductions, and $820 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 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%. Complete this question by entering your answers in the tabs below. RE 1A Roda 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.) Credit No Date Jan 08 Debit 24.760.00 70,840.00 1 General Journal Office salaries expense Sales salaries expense FICA-Social sec, taxes payable FICA-Medicare taxes payable Employee fed ind taxes payable Employee medical insurance payable Employee union dues payable Salaries payable OOOOOOOO 5.92720 1,386.20 13,200.00 1.450.00 940 00 72.636 60 Reg 2 >

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