Chapter $09($i$)$

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January $8,$ the end of the first weekly pay period of the year, Regis Company's employees eamed $$23\mathrm{.}760$ of office salaries and $0,840$ of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of $6\mathrm{.}2\%.$ FICA dicare taxes at the rate of $1\mathrm{.}45\%,$$$13,260$ of federal income taxes, $$1,430$ of medical insurance deductions, and $$860$ of union dues. employee earned more than $$7,000$ in this first period.

quired:

Calculate below the amounts for each of these four taxes of Regis Company. Regis's state unemployment tax rate is $5\mathrm{.}4\%$ of the $$7,000$ paid to each employee. The federal unemployment tax rate is $0\mathrm{.}6\%.$

Prepare the journal entry to record Regis Company's January $8$ employee payroll expenses and llabilities.

repare the journal entry to record Regis's employer payroll taxes resulting from the January $8$ payroll. Regis's state unemployment rate is $5\mathrm{.}4\%$ of the first $$7\mathrm{.}000$ paid to each employee. The federal unemployment tax rate is $0\mathrm{.}6\%.$

Complete this question by entering your answers in the tabs below.

Req $1$ A

Iculate below the amounts for each of these four taxes of Regis Company. Regis's state unemployment tax rate is $5\mathrm{.}4\%$ of e first $$7,000$ paid to each employee. The federal unemployment tax rate is $0\mathrm{.}6\%.$

te: Round your answers to $2$ decimal places.

$\backslash$table$[[\backslash$table$[[$Regis Company's:$],[$January $8$ Earnings$],[$Subject to Tax$]]],[$Tax$,,$Tax Rate,Tax Amount$],[$A$-$Social Security,,,$],[$A$-$Medicare,,,$],[$IA$,,,]]$

Prov

$1$ of $1$Complete this question by entering your answers in the tabs below.

repare the journal entry to record Regis Company's January $8$ employee payroll expenses and liabilities.

lote: Round your answers to $2$ decimal places.

Journal entry worksheet

$1$

Record the employee payroll expenses and liabilities for the first weekly pay period of the year.

Note: Enter debits before credits.

$\backslash$table$[[$S$.$No$/$Date$,$Account Title,Debit,Credit$],[$January $08,,,]]$

Prex

$1$ of $1$

Nexteq $1$A

Req $1$B

Req $2$

pare the journal entry to record Regis's employer payroll taxes resulting from the January $8$ payroll. Regis's state unemployment tax is $5\mathrm{.}4\%$ of the first $$7,000$ paid to each employee. The federal unemployment tax rate is $0\mathrm{.}6\%.$

e: Round your answers to $2$ decimal places.

ournal entry worksheet

$1$

Record the employer's payroll expenses and liabilities for the first weekly pay period of the year.

te: Enter debits before credits.

$\backslash$table$[[$S$.$NoiDate,Account Title,Debit,Credit$],[$January $08,,,],[,,,]]$