Problem 112A Entries for payroll transactions LO P2, P3 on January 8, the end of the first weekly pay period ofthe year Regis Company's payrol register employees earned Sa 3760 of office salaries and S60.840 of sales Witholdings from the employees salaries indude FICA Social Security taxes at the rate of 6.20% FICA Medicare taxes at the rate of 1.45% S13.260 of federal income taxes, $1.400 of medicalinsurance deductions, and S900 of union dues No employee eamed more than $7000 in this first period Required: 1.1 Calculate below the amounts for each of these four taxes ofRegis Company. Regiss merit rating reduces s state unemployment tax rate to 3% of the first ST000 paid each employee The federal unemployment tax rate is 0.60% (Round your answers to 2 decimal places.) is Company's January 8 earnings Tax Rate FICA Social Security SUTA 1.2 Prepare the to record Company's January 8 employee) payroll expenses and liabilities. (Round your answers to 2 decimal places.) view tansaction general houmal Journal Entry Worksheet Record the employee payroll expenses and liabilities for the first weekly period of the year. Jan 08