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 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, $1,440 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...