Problem 9-2A Entries for payroll transactions LO P2, P3 On January 8, the end of the first weekly pay period of the year, Regis Company's payroll register showed that its employees earned $21,760 of office salaries and 560,840 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%, $12,960 of federal income taxes, $1,400 of medical insurance deductions, and $840 of union dues. No employee earned more than $7.000 in this first period. Required: 1a. Calculate below the amounts for each of these four taxes of Regis company Regis's merit rating reduces its state unemployment tax rate to 4% of the first $7,000 paid each employee. The federal unemployment tax rate is 2% 1b. 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 merit rating reduces its state unemployment tax rate to 4% of the first $7,000 paid each employee. The federal unemployment tax rate is 2% Complete this question by entering your answers in the tabs below. Required A Required 11 Required 2 Calculate below the amounts for each of these four taxes of Regis Company. Regis's merit rating reduces its state unemployment tax rate to 4% of the first $7,000 paid each employee. The federal unemployment tax rate is 24. (Round your answers to 2 decimal places.) January earnings ubinet to the Tax Rate Tax Amount FICA Social Security IFICA Medicare FUTA SUTA Required 10 > its state unemployment tax rate to 4% of the first $7,000 paid each employee. The federal unemployment tax rate is 2% Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 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 Required 18 Record the employee payroll expenses and liabilities for the first weekly pay period of the year. Not Enter debits before credits Date General Journal Debit Credit Record Clear entry View general Journal its state unemployment tax rate to 4% of the first $7,000 paid each employee. The federal unemployment tax rate is 2%. Complete this question your answers in the tabs below. Required 2 Required 1A Required 13 Required 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 4% of the first $7,000 paid each employee. The federal unemployment tax rate is 29. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet Record the employer's payroll expenses and liabilities for the first weekly pay period of the year. Notes Enter debts before credits General Journal Debit Credit Record entry Clearly View general journal
