On January 8 , the end of the first weekly pay period of the yeor,...
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Accounting
On January 8 , the end of the first weekly pay period of the yeor, Regis Company's emplayees earned $22.760 of ofice salaries and $65,840 of sales salaries. Withholdings from the employees' salaries include FiCA Social Seciurty taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%,$12,860 of federal income taxes, $1.340 of medical insurance deductions, end $840 of union duos. 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 Aegis 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 resuling from the January 8 parroli. Regis's state unemployment tax rate is 5.4% of the first $7,000 poid to each employee. The federal unemployment tax rate is 0.6% : Complete this question by entering your answers in the tabs below. Calculste 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%. Notei Round your answers to 2 decimal places. Record the employee payroll expenses and liabitiles for the first wekty pary period of the vear. hith inter detes befse opeta. rafe is 5.4% of the Erit $7,000 paid to each employee. The Pederat unemeloyment tax rate is 0.6W Journal entry worksheet perided the year



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