Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. sarah strand's regular hourly wage rate is $24, an

Sarah Strand's regular hourly wage rate is $24, and she receives an hourly rate of...

60.1K

Verified Solution

Question

Accounting

Sarah Strand's regular hourly wage rate is $24, and she receives an hourly rate of $36 for work in excess of 40 hours. During a January pay period, Sarah works 46 hours. Sarah'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, eg.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
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

witch Angle Sides Move Up Down Construct Transform 74 74 Move the Transversal 2 Select...

Geometry
Q

-Explain the “right ear” advantage and why it exists -How fo the Wada test and split...

Psychology
Q

Read: One industry with an impact on both undergraduate and MBA students is textbook publishing. Traditional printed...

Economics
Q

9 Two solid spheres of different mass radii and density roll down a rough inclined...

Physics
Q

ven function f to answer par log x 2

Calculus
Q

What is the parent function for this grap A 3 1 f x Absolute Value...

Algebra
Q

Sketel Company issued $100,000 six-year bonds on January 1, 2019. The coupon rate for these...

Accounting
Q

On April 6, Year 1, Home Furnishings purchased $25,200 of merchandise from Una Imports, terms...

Accounting
Q

Joturnalize the transaction Analyze the wransaction and prepore the journal entry Paid 51,760 cash for...

Accounting
Q

Adjusted Trial Balance Cash Accounts receivable Supplies Prepaid Insurance Property, Plant & Equipment (PPE) Accumulated...

Accounting
Q

HW CH 11 6 Saved Help Save & Exit Sbmit Check my work 2 Barbour...

Accounting
Q

Do foreign countries (non-U.S.) seek funds (i.e., act as an issuer of debt), or provide...

Finance