Reference no: EM132732114
Question - 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 $65,840 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%, $12,860 of federal income taxes, $1,340 of medical insurance deductions, and $840 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%.
Explain role of politician-voter-activist
: Explain the role of a politician, a voter, an activist, and a lobbyist in the public policy change process.
|
Distinguish general senses from special senses
: Distinguish general senses from special senses. What types of sensory receptors are used by senses in each category and what type of info does each detect?
|
What is the maximum amount that Carol may deduct
: What is the maximum amount that Carol may deduct in 2020? Carol plans to drive the Explorer 100% of the time for business
|
Health care system evaluation in canada
: How is technology, distributed? Is the emphasis of the system on preventive care or acute care?
|
Prepare journal entry to record Regis employer payroll taxes
: No employee earned more than $7,000 in this first period. Prepare the journal entry to record Regis's employer payroll taxes resulting from January 8 payroll
|
Childhood diseases and conditions
: Choose a diseases and/or conditions and write what you think is most important to know about this disease and/or condition.
|
Apple computer leadership report
: Determine and explain what type of leader Steve Jobs was. Explain how his vision and values were reflected in his leadership style.
|
Find the amount of interest revenue
: Find the amount of interest revenue that Rosewood would report during the years ending December 31, Year 1 and Year 2, respectively
|
Community health project presentation
: Provide relevant information (demographics, social factors, income, and access to health care) pertaining to your chosen population.
|