Michelle Strand's regular hourly wage rate is $\backslash (\backslash$$ $18\backslash ),$ and she receives an hourly rate of $\backslash (\backslash$$ $27\backslash )$ for work in excess of $40$ hours. During a January pay period, Michelle works $46$ hours. Michelle's federal income tax withholding is $\backslash (\backslash$$ $96\backslash ),$ and she has no other deductions.

Prepare a tabular summary to record the employer's payroll taxes for the period. Assume that the FICA tax rate is $\backslash (7\mathrm{.}65\backslash \%\backslash ).$ Ignore unemployment taxes. $($Round answers to $2$ decimal places, e$.$g$.15\mathrm{.}25.$ If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign $($or parentheses$)$ in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.$)$ Current Attempt in Progress

Michelle Strand's regular hourly wage rate is $\backslash (\backslash$$ $18\backslash ),$ and she receives an hourly rate of $\backslash (\backslash$$ $27\backslash )$ for work in excess of $40$ hours. During a January pay period, Michelle works $46$ hours. Michelle's federal income tax withholding is $\backslash (\backslash$$ $96\backslash ),$ and she has no other deductions.

Prepare a tabular summary to record the employer's payroll taxes for the period. Assume that the FICA tax rate is $\backslash (7\mathrm{.}65\backslash \%\backslash ).$ Ignore unemployment taxes. $($Round answers to $2$ decimal places, e$.$g$.15\mathrm{.}25.$ If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign $($or parentheses$)$ in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.$)$