Question: Help!! Brief Exercise 10-7 Your answer is partially correct. Try again. Betsy Strand's regular hourly wage rate is $16, and she receives an hourly rate
Help!!
Brief Exercise 10-7 Your answer is partially correct. Try again. 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.) Date Account Titles and Explanation Debit Credit Jan. 15 Salaries and Wages Expense 808 Federal Income Taxes Payable 89 SHOW LIST OF ACCOUNTS LINK TO TEXT INTERACTIVE TUTORIAL Question Attempts: 2 of 3 used SAVE FOR LATERS SUBMIT
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