1) On January 8, the end of the first weekly pay period of the year,...

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1) On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned $27,760 of office salaries and $60,840 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $13,160 of federal income taxes, $1,340 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. Regiss 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 Regiss employer payroll taxes resulting from the January 8 payroll. Regiss state unemployment tax rate is 5.4% of the first $7,000 paid to each employee. The federal unemployment tax rate is 0.6%.

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Return to question 4 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%. 3 points Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req 1A Reg 16 Req 2 Prepare the journal entry to record Regis Company's January 8 employee payroll expenses and liabilities. (Round your . answers to 2 decimal places.) No Debit Credit Date Jan 08 1 27,760,00 60,840.00 General Journal Office salaries expense Sales salaries expense FICA Social sec, taxes payable FICA-Medicare taxes payable Employee fed. inc. taxes payable Employee medical insurance payable Employee union dues payable Salarios payable 5,493.20 1,284.70 12,960.00 X 1,430.00 880.00 X 66,552.10 Check my work mode : This shows what correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 3 2 points Lenny Florita, an unmarried employee, works 49 hours in the week ended January 12. His pay rate is $12 per hour, and his wages have deductions for FICA Social Security, FICA Medicare, and federal income taxes. He claims three withholding allowances. Compute his regular pay, overtime pay (Lenny earns $18 per hour for each hour over 40 per week), and gross pay. Then compute his FICA tax deduction (6.2% for the Social Security portion and 1.45% for the Medicare portion), income tax deduction (use the wage bracket withholding table from Exhibit 94.6), total deductions, and net pay. (Round your intermediate calculations and final answers to 2 decimal places.) Answer is not complete. Regular pay Overtime pay 480.00 Hours Hourly Rate 40 12.00 9S 18.00 162.00 Gross pay 642.00 $ 39,804.00 FICASocial Security tax deduction FICA-Medicare tax deduction Income tax deduction Total deductions 39,804.00 Net pay

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