On January 8 , the end of the first weekly pay period of the year, Regis Company's employees earned $28 , 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 , 430 of medical insurance deductions, and $860 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 5.4% of the first $7 , 000 paid to each employee. The federal unemployment tax rate is 0.6% . 1-b. 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. Calculate below the amounts for each of these four taxes of Regis Company. Regis's state unt the first $7 , 000 paid to each employee. The federal unemployment tax rate is 0.6% . Note: Round your answers to 2 decimal places. 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-b. 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. Prepare the journal entry to record Regis Company's January 8 employee payroll expenses a Note: Round your answers to 2 decimal places. Journal entry worksheet Record the employee payroll expenses and liabilities for the first weekly pay period of the year: Note: Enter debits before credits. 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-b. Prepare the joumaf 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 payrolt. 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. Prepare the fournal entry to record Regis's employer payroll taxes resuiting from the January rate is 5.4% of the first $7 , 000 paid to each employee. The federal unemployment tax rate is Note: Round your answers to 2 decimal places. 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
