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Cindy Strand's regular hourly wage rate is $12, and she receives an hourly rate of...

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Accounting

Cindy Strand's regular hourly wage rate is $12, and she receives an hourly rate of $18 for work in excess of 40 hours. During a January pay period, Cindy works 44 hours. Cindy's federal income tax withholding is $87, and she has no voluntary deductions. Assume that the FICA tax rate is 7.65%.
Prepare a tabular summary for Cindy's employer to record (a) Cindy's pay for the period and (b) the payment of Cindy'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.

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