repare the journal entry to record Regis Company's January 8 employee payroll expenses and liabilities. Note: Round your answers to 2 decimal places. Journal entry worksheet Record the employee payroll expenses and liabilities for the first weekly bay period of the year. Note: Enter debits before credits. 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%. Note: Round your answers to 2 decimal places. Journal entry worksheet Record the employer's payroll expenses and liablities for the first weekly pay period of the year. Note: Enter debits before credits On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned $21760 of olfice salaries and $70.840 of sales salaries. Witholdings from the employees' salaries include FiCA Social Security taxes at the rate of 62%, FiCA Medicare taxes at the rate of 145%,$13,060 of federal income taxes, $1,450 of medical insurance deductions, and $900 of union dues No employee earned more than $7,000 in this first period Required: 1-a. Calculate below the amounts for each of these four taxes of Regis Company. Regis's state unemployment tax rate is 54% of the first $7,000 paid to each employee. The federal unemployment tax rate is 06% 1-b. Prepare the journal entry to record Regis Company's January 8 employoe payroll expenses and liabilities. 2. Prepare the journal entry to fecord 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 06% Complete this question by entering your answers in the tabs below. Calculote below the amounts for each of these four taxes of Regis Company. Regls's state uncmployment tax rate is 5.4% of the first $7,000 paid to each employee. The federal unemployment tax rote is 0.6%. Note: Round your answers to 2 decimal places