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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 $$95,$ and she has no voluntary deductions. Assume that the

FICA tax rate is $7\mathrm{.}65\%.$

Prepare a tabular summary for Betsy's employer to record $($a$)$ Betsy's pay for the period and $($b$)$ the payment of Betsy's wages. Use

January $15$ for the end of the pay period and the payment date. Include margin explanations for the changes in revenues and expenses.

$($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.$)$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 $$95,$ and she has no voluntary deductions. Assume that the FICA tax rate is $7\mathrm{.}65\%.$

Prepare a tabular summary for Betsy$$s employer to record $($a$)$ Betsy$$s pay for the period and $($b$)$ the payment of Betsy$$s wages. Use January $15$ for the end of the pay period and the payment date. Include margin explanations for the changes in revenues and expenses. $($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.$)$