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Saved Help Save & Exi Check On January 8, the end of the first weekly pay period of the year, Regis Company's payroll register showed

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Saved Help Save & Exi Check On January 8, the end of the first weekly pay period of the year, Regis Company's payroll register showed that its e mployees earned $20,760 of office salaries and $70,840 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 620%, FICA Medicare taxes at the rate of 1 45%, $13,360 of federal income taxes, $1,440 of medical insurance deductions, and $940 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 merit rating reduces its state unemployment tax rate to 4% of the first $7,000 paid each employee. The federal unemployment tax rate is 0 60% (Round your answers to 2 decimal places) es Regis Company's January 8 earnings subject to tax Tax Rate Tax Amount FICA-Social Security FICA-Medicare FUTA SUTA 1.2 Prepare the journal entry to record Regis Company's January 8 (employee) payroll expenses and liabilities, (Round your answers

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