- On January 8 The End Of The First Weekly Pay Period Of The Year Regis Company S Employees Earned 28 760 Of Office Sal 1 (35.54 KiB) Viewed 27 times
On January 8, the end of the first weekly pay period of the year, Regis
Company's employees earned $28,760 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%. $13.560 of federal income taxes, $1,460 of medical insurance deductions, and $820 of union dues. 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 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 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%. Complete this
question by entering your answers in the tabs below. Req 1A Reg 2 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%. (Round your answers to 2 decimal places.) Tax FUTA SUTA Req 1B FICA-Social Security FICA-Medicare Regis
Company's: January 8 Earnings Subject to Tax Tax Rate < Req 1A Tax Amount Req 1B >
Prepare the journal entry to record Regis
Company's January 8 employee payroll expenses and liabilities. (Round your answers to 2 decimal places.) View transaction list 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. Date January 08 Record entry General Journal Clear entry Debit Credit View general journal
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%. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet < 1 Record the employer's payroll expenses and liabilities for the first weekly pay period of the year. Note: Enter debits before credits. Date January 08 Record entry General Journal Clear entry Debit Credit View general journal