Deliberate speed corporation (dsc) was incorporated as a private company. the company's accounts included the following at june 30: accounts payable $20,600buildings 92,000cash 60,250 common stock 205,000equipment 157,500land 207,000notes payable (long-term) 3,400retained earnings 404,250supplies 16,500 during the month of july, the company had the following activities: (a) issued 4,200 shares of common stock for $420,000 cash. (b) borrowed $194,000 cash from a local bank, payable in two years. (c) bought a building for $265,250; paid $97,250 in cash and signed a three-year note for the balance. (d) paid cash for equipment that cost $282,000. (e) purchased supplies for $37,250 on account.

On january 8, the end of the first weekly pay period of the year, regis company's payroll register showed that its 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 6.20%, fica medicare taxes at the rate of 1.45%, $13,260 of federal income taxes, $1,450 of medical insurance deductions, and $860 of union dues. no employee earned more than $7,000 in this first pay period. required: 1.1 calculate below the amounts for each of these four taxes of regis company. regis’s merit rating reduces its state unemployment tax rate to 3% of the first $7,000 paid to each employee. the federal unemployment tax rate is 0.60