On January 8, the end of the first weekly pay period of the year, Regis Company's payroll register showed that its employees earned $26760 of office salaries and $60,840 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.20%, FICA Medicare taxes at the rate of 1.45%, $13,160 of federal income taxes, $1,420 of medical insurance deductions, and $840 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 merit rating reduces its state unemployment tax rate to 6% of the first $7,000 pald each employee. The federal unemployment tax rate is 0.60% (Round your answers to 2 decimal places.) Regis Company's: Tax Rate Tax Amount Tax January 8 earnings subject to tax 8 20% 145% FICA-Social Security FICA-Medicare FUTA SUTA 1.2 Prepare the journal entry to record Regis Company's January 8 (employee) payroll expenses and liabilities (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet 1 Record the employee payroll expenses and liabilities for the first weekly pay period of the year Record the employee payroll expenses and liabilities for the first weekly pay period of the year. Note: Enter debits before credits Debit General Journal Date Credit Jan 08 View general journal Clear entry Record entry 1.2 Prepare the journal entry to record Regis Company's January 8 (employee) payroll expenses and liabilities (Round your answers to 2 decimal places.) View transaction list View journal entry worksheet No Date General Journal Debit Credit 2. Prepare the journal entry to record Regis's (employer payroll taxes resulting from the January 8 payroll. Regis's merit rating reduces its state unemployment tax rate to 6% of the first $7.000 paid each employee. The federal unemployment tax rate is 0 60% (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet