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 $27,760 of office salaries and $70,840 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $12.760 of federal income taxes, $1,340 of medical insurance deductions, and $780 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 5.4% of the first $7,000 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 journal 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 paid to each employee. The federal unemployment tax rate is 0.6% Complete this question by entering your answers in the tabs below. Req LA Req 18 Reg 2 Calculate below the amounts for each of these four taxes of Regis Company. Regis's state unemployment the first $7,000 paid to each employee. The federal unemployment tax rate is 0.6%. (Round your answer places.) Regis Company's: January 8 earnings Tax Rate subject to tax Tax Amount Tax FICA-Social Security FICA-Medicare FUTA 6.20% 1.45% 0.60% 5.40% 1 e Reg 1A Req 1B >