Question: Your answer is partially correct. Try again. Helen Strand's regular hourly wage rate is $14, and she receives an hourly rate of $21 for work

Your answer is partially correct. Try again. Helen Strand's regular hourly wage rate is $14, and she receives an hourly rate of $21 for work in excess of 40 hours. During a January pay period, Helen works 47 hours. Helen's federal income tax withholding is $86, and she has no voluntary deductions. Assu untary 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 Payroll Tax Expense 61.812 FICA Taxes Payable FICA Taxes Payable 1 6 1.812|| Click if you would like to Show Work for this question: Open Show Work
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