E Your answer is partially correct. Patricia Strand's regular hourly wage rate is $15, and she receives an hourly rate of $23 for work in excess of 40 hours. During a January pay period, Patricia works 47 hours. Patricia's federal income tax withholding is $86, and she has no voluntary deductions. Assume that the FICA tax rate is 7.65%. Prepare a tabular summary to record the employer's payroll taxes for the period. Assume that the FICA tax rate is 7.65\%. Ignore unemployment taxes. Include margin explanations for the changes in revenues and expenses. (Round answers to 2 decimal places, eg. 15.25. If a transaction couses a decrease in Assets, Llabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Llability or Equity ltem that was reduced.) Patricia Strand's regular hourly wage rate is $15, and she receives an hourly rate of $23 for work in excess of 40 hours. During a January pay period, Patricia works 47 hours. Patricia's federal income tax withholding is $86, and she has no voluntary deductions. Assume that the FICA tax rate is 7.65%. Prepare a tabular summary to record the empioyer's payroll taxes for the period. Assume that the FICA tax rate is 7.65\%. Ignore unemployment taxes. Include margin explanations for the changes in revenues and expenses, (Round answers to 2 decimal places, eg. 15.25. If a transaction couses a decrease in Assets, Llabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Llability or Equily item that was reduced.)