Ruiz 0 Help Save & Exit Submit 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 $21,760 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%, $13,260 of federal income taxes, $1,330 of medical insurance deductions, and $820 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 1A Reg 1B Reg 2 Calculate below the amounts for each of these four taxes of Regis Company. Regis's state unemployme the first $7,000 paid to each employee. The federal unemployment tax rate is 0.6%. (Round your ansv places. Regis Company's: January 8 earnings Tax Rate subject to tax Tax Amount Tax FICA-Social Security FICA-Medicare FUTA D SUTA L Reg 1B > Prev 1 of 3 !! Next > Complete this question by entering your answers in the tabs below. Req 1A Req 1B Reg 2 Prepare the journal entry to record Regis Company's January 8 employee payroll expenses and liabil decimal places.) View transaction list Journal entry worksheet Record the employee payroll expenses and liabilities for the first weekly pay period of the year. Note: Enter debits before credits Date General Journal Debit Credit Jan 08 Record entry Clear entry View general journal 1 of 3 Next > Heave Subm Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Req 2 Prepare the journal entry to record Regis's employer payroll taxes resulting from the Lanuary 8 payroll. rate is 5.4% of the first $7,000 paid to each employee. The federal unemployment tax rate is 0.6%. (R places.) View transaction list Journal entry worksheet Record the employer's payroll expenses and liabilities for the first weekly pay period of the year. Note: Enter debits before credits Date General Journal Debit Credit Jan 08 Record entry Clear entry View general journal
