Sarah Strand's regular hourly wage rate is $24, and she receives an hourly rate of...
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Accounting
Sarah Strand's regular hourly wage rate is $ and she receives an hourly rate of $ for work in excess of hours. During a January pay period, Sarah works hours. Sarah's federal income tax withholding is $ and she has no voluntary deductions. Assume that the FICA tax rate is
Prepare the employer's journal entry to record payroll taxes for the period. Ignore unemployment taxes. Round answers to decimal places, eg Credit account titles are automatically indented when amount is entered. Do not indent manually.
Date Account Titles and Explanation
Debit
Credit
Jan.
Answer & Explanation
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