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value 25.00 polnts Problem 11-3A Entries for payroll transactions LO P2, P3 On January 8, the end of the first weekly pay period of the
value 25.00 polnts Problem 11-3A Entries for payroll transactions LO P2, P3 On January 8, the end of the first weekly pay period of the year, Regis Company's payroll register showed that its employees earned $21.760 of office salaries and $60 840 of sales salaries Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.20%, FICA Medicare taxes at the rate of 1 45%, $13,260 of federal income taxes, $1.440 of medical insurance deductions and S800 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 5% of the first $7,000 paid each employee The federal unemployment tax rate is 8% (Round your answers to 2 decimal places.) Regis Company's
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