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Problem 9-2A Entries for payroll transactions LO P2, P3 Reg 1A Reg 1B Reg 2 Calculate below the amounts for each of these four taxes
Problem 9-2A Entries for payroll transactions LO P2, P3 Reg 1A Reg 1B Reg 2 Calculate below the amounts for each of these four taxes of Regis Company. Regis's state unemployment ti the first $7,000 paid to cach employee. The foderal unemployment tax rate is 0.6%. (Round your answers places.) On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned $27,760 of office salarles and $60,840 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%, $13,460 of federal income taxes, $1.410 of medical insurance deductions, and $880 of inion dues. No employee eamed more than $7,000 in this first period. dequired: 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 he first $7000 pald to each employee. The federal unemployment tax rate is 0.6%. -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%. Regis Company's: January 8 earnings subject to tax Tax Rate Tex Tax Amount FICA-Social Security FICA-Medicare FUTA SUTA Reg 1A Reg 1B > nmnlata thic nuoctinn hantarinn up anWare in the tahe halow R LA Re 18 2 Prepare the journal entry to record Regis Company's January 8 employee payrol experses and liabilities (Round your answers to 2 decimal places.) Req 1A Reg 1B Reg 2 View traction bat Prepare the journal entry to record Regis's employer payroll taxes resulting from the January 8 payroll. Regis's state rate is 5.4% of the first $7,000 paid to each employee. The federal unemployment tax rate is 0.6% (Round your ar places.) Journal entry worksheet View transaction list Record the employee payroll expenses and liabilities for the first weekly pay period of the year. Journal entry worksheet 1 > Note: the care credits Bala General Journal Debit Credit Record the employer's payroll expenses and liabilities for the first weekly pay period of the year. Jun 05 Note: Enter debits before credits General Journal Debit Credit Date Jan 08 Record entry Clear entry View general Journal Record entry Clear entry View general Journal RIB
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