On January 8, the end of the first weekly pay period of the year, Regis...
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Accounting
On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned $24760 of office salaries and 570.840 of sales salaries Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 62% FICA Medicare taxes at the rate of 145%. $13,360 of federal income taxes, 51,390 of medical insurance deductions, and $940 of union dues No employee earned more than $7,000 in this first period. Required: 11 Calculate below the amounts for each of these four taxes or 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% 1.2 Prepare the journal entry to record Regis Company's January 8 employee payroll expenses and abilities 2. Prepare the oumal 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 06% Complete this question by entering your answers in the tabs below. RA Re 10 2 Calculate below the amounts for each of these four taxes of Regis Company, Regie's state unemployment tax rate is 5.4 the first 57.600 paid to each employee. The federal unemployment tax rate is 0.09. (Round your answers to 2 decimal Regis Company's January 3 caming Tax Rate subject to a Tax Amount

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