Problem 9.2A (Algo) Entries for payroll transactions LO P2, P3 On January 8 , the end of the first weekly pay period of the year, Regis Company's employees earned $22,760 of office salaries and $70,840 of sales salaties. 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%,$13,060 of federal income taves, $1,400 of medical insurance deductions, and $800 of union dues. No employee earned more than $7,000 in this first period. Required: 1-0. Calculate 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% 1.b. Prepare the journal entry to record Regis Company's January 8 employee payroll expenses and liabilities. 2. Prepare the joumal 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%. Complete this question by entering your answers in the tabs below. Prepare the fournal 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 57,000 pald to each employee. The federal unemployment tax rate is 0.6%. Note: llound your answers to 2 decimal places. Journal entry worksheet