Problem $9-2$A $($Algo$)$ Entries for payroll transactions LO P$2,$ P$3$

On January $8,$ the end of the first weekly pay period of the year, Regis Company's employees earned $$22,760$ of office salaries and $$60,840$ of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of $6\mathrm{.}2\%,$ FICA Medicare taxes at the rate of $1\mathrm{.}45\%,$ $$13,560$ of federal income taxes, $$1,440$ of medical insurance deductions, and $$820$ of union dues. No employee earned more than $$7,000$ in this first period.

Required:

$1-$a$.$ Calculate below the amounts for each of these four taxes of Regis Company. Regis$$s state unemployment tax rate is $5\mathrm{.}4\%$ of the first $$7,000$ paid to each employee. The federal unemployment tax rate is $0\mathrm{.}6\%.$

$1-$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 $5\mathrm{.}4\%$ of the first $$7,000$ paid to each employee. The federal unemployment tax rate is $0\mathrm{.}6\%.$