Amy Welch's regular hourly wage is $16 per hour. She receives overtime pay at the rate of time and a half. The FICA tax rate Is 7.65%. Amy is paid every two weeks. For the first payroll period in January, Amy worked 86 hours of which 6 were overtime hours. Amy's federal Income tax withholding is $360 and her state income tax withholding is $140. Amy has asked that $50 be withheld from her paycheck for savings bonds. What is Amy's net pay for the 2 week period? Answer: Question 14 Not yet answered Points out of 10.00 P Flag question The Oates Company's payroll for the week ended Jan. 31, 2017 is $140,000 of Salaries and Wages Expense. None of the employees have reached the earnings limits for FICA, FUTA, or SUTA so all wages are subject to these taxes for employer payroll tax purposes. The following deductions were withheld from employees: Federal Income Tax: $28,300 State Income Tax: $6,200 FICA Taxes: $10,710 Union Dues: $1,800 United Funds: $1,200 The FUTA rate is 0.8% and the SUTA rate is 5.4% Prepare the journal entry to record the weekly payroll