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Sarah Strand's regular hourly wage rate is $24, and she receives an hourly rate of...

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Accounting

Sarah Strand's regular hourly wage rate is $24, and she receives an hourly rate of $36 for work in excess of 40 hours. During a January pay period, Sarah works 46 hours. Sarah's federal income tax withholding is $87, 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, eg.15.15. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date Account Titles and Explanation
Debit
Credit
Jan. 15
image

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