ann strand's regular hourly wage is $$16,$ and she receives an hourly rate of $$24$ for work in excess of $40$ hours. During a January pay period, Betsy works $47$ hours. Ann's federal income tax withholding is $$85,$ and she had no voluntary deductions. assume that the fica tax rate is $7\mathrm{.}65\%.$ prepare the employer's journal entry to record payroll taxes for the period.the amount entered for the particular Asset, Liability or Equity item that was reduced.$)$