Question: Please show all work as shown. Thanks Your answer is partially correct. Elize's regular hourly wage rate is $16, and she receives an hourly rate
Please show all work as shown. Thanks
Your answer is partially correct. Elize'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, Elize works 47 hours. Elize's federal income tax withholding is $99, and she has no voluntary deductions. Prepare the employer's journal entry to record payroll taxes for the period. Ignore unemployment taxes. Assume the FICA tax rate is 7.65%. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round the answers to 2 decimal places, e.g. 15.25.) Date Account Titles and Explanation Debit Credit Jan. 15 Salaries and Wages Expense 808 Federal Income Taxes Payable 808
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