Problem $9-2$A Entries for payroll transactions $$ P$3$

On January $8,$ the end of the first weekly pay period of the year, Regis Company's employees earned $$22,760$ of office salaries and $$65,840$ 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\%,$$$12,860$ of federal income taxes, $$1,340$ of medical insurance deductions, and $$840$ of union dues. No employee earned more than $$7,000$ in this first period.

Required

Calculate FICA Social Security taxes payable and FICA Medicare taxes payable. Prepare the journal entry to record Regis Company's January $8$ employee payroll expenses and liabilities. Round amounts to cents.

Checl

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 $0\mathrm{.}6\%.$ Round amounts to cents.