Question: Your answer is incorrect. Nancy Strand's regular hourly wage rate is $32, and she receives an hourly rate of $48 for work in excess of

Your answer is incorrect. Nancy Strand's regular hourly wage rate is $32, and she receives an hourly rate of $48 for work in excess of 40 hours. During a January pay period, Nancy works 46 hours. Nancy'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, e.g. 15.15. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Jan. 15 Account Titles and Explanation Debit Credit

Your answer is incorrect. Nancy Strand's regular hourly wage rate is $32, and she receives an hourly rate of $48 for work in excess of 40 hours. During a January pay period, Nancy works 46 hours. Nancy's federal income tax withholding is 587 , 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 I gnore unemployment taxes. (Round onswers to 2 decimal places, es. 15.15. Credit account titles are outomotically indented when omount is entered. Do not indent manually)

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