Problem 11 2A (Algo) Entries for payroll transactions LO P2, P3 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 , $12,660 of federal income taxes, $1,370 of medical insurance deductions, and $780 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 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 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 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 Complete this question by entering your answers in the tabs below 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 Note Round your answers to 2 decimal places Prepare the journal entry to record Regis Company's January 8 employee payroll expenses and liabili Note Round your answers to 2 decimal places Journal entry worksheet Record the employee payroll expenses and liabilities for the first weekly pay period of the year Note Enter debits before credits Prepare the journal entry to record Regis's employer payroll taxes resulting from the January 8 payroll Regis's state unemployment tax ate is 5 4 of the first $7,000 paid to each employee The federal unemployment tax rate is 0 6 Note Round your answers to 2 decimal places Journal entry worksheet Record the employer's payroll expenses and liabilities for the first weekly pay period of the year Note Enter debits before credits

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Problem 11-2A (Algo) Entries for payroll transactions LO P2, P3 On January 8, the end of the first weekly pay period of the year, Regis

Problem 11-2A (Algo) Entries for payroll transactions LO P2, P3

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%, $12,660 of federal income taxes, $1,370 of medical insurance deductions, and $780 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. 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%.

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 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%.

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Complete this question by entering your answers in the tabs below. 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%. Note: Round your answers to 2 decimal places. Prepare the journal entry to record Regis Company's January 8 employee payroll expenses and liabili Note: Round your answers to 2 decimal places. Journal entry worksheet Record the employee payroll expenses and liabilities for the first weekly pay period of the year. Note: Enter debits before credits. Prepare the journal entry to record Regis's employer payroll taxes resulting from the January 8 payroll. Regis's state unemployment tax ate is 5.4% of the first $7,000 paid to each employee. The federal unemployment tax rate is 0.6%. Note: Round your answers to 2 decimal places. Journal entry worksheet Record the employer's payroll expenses and liabilities for the first weekly pay period of the year. Note: Enter debits before credits