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Business, 26.11.2019 02:31 prince96

Betsy strand’s regular hourly wage rate is $16, and she receives an hourly rate of $24 for work in excess of 40 hours. during a january pay period, betsy works 47 hours. betsy’s federal income tax withholding is $89, and she has no voluntary deductions. assume that the fica tax rate is 7.65%. prepare the employer’s journal entry to record payroll taxes for the period. ignore unemployment taxes. (round answers to 2 decimal places, e. g. 15.15. credit account titles are automatically indented when amount is entered. do not indent manually.)

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