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Business, 09.10.2019 20:00 haylee8530

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%, $13,460 of federal income taxes, $1,370 of medical insurance deductions, and $880 of union dues. no employee earned more than $7,000 in this first period. required: 1.1 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%. 1.2 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%.

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On january 8, the end of the first weekly pay period of the year, regis company's employees earned $...
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