ann is the only employee in her company. Ann regular hourly wage is $18 an hour. she recieves overtime pay at the rate of time and a half. for the first period in january, ann worked 86 hours of which 6 were overtime hours. The fica tax rate is 7.65% (6.2% social security on the first $117,000, 1.45% medicare. Anns federal income tax withholding is $400 and her state income tax withholding is $170

the companys federal tax unemployment rate is (futa) .8%. the state unemployment tax suta rate is 5.4%

1. Prepare the journal entry to record ann's payroll of the year. round all calculations to the nearest penny (2decimals)

2. prepare the journal entrt to record the companys payroll taxes for the first period of the year. round all 2 decimals.

account name. debit credit

dr.

cr.

cr

cr

cr

account name. debit. credit

dr

cr

cr

cr