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 employees earned $24760 of office salaries and $60.840 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 62%, FICA Medicare taxes at the rate of 1.45%, $12 660 of federal income taxes, $1370 of medical Insurance deductions, and $800 of union dues No employee earned more than $7,000 in this first period Required: 1.1 Calculate below the amounts for each of these four taxes of Regis Company Regis's state unemployment tax rate is 54% of the first $7000 paid to each employee. The federal unemployment tax rate is 0.6% 1.2. Prepare the journal entry to record Regis Company's January 8 employee payroll expenses and liabilities 2. Prepare the loumal entry to record Regis's employer payroll taxes resulting from the January 8 payroll Regis's state unemployment tax rate is 5.4% of the first $7.000 pard to each employee. The federal unemployment tax rate is 0.6% Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. R18 Prepare the journal entry to record Regis's employer payrotes resulting from the January payroll Regis's state oment tax rates of the first $7.000 paid to them . The federal unemployment tax rate 0.5