Betsy Strands regular hourly wage rate 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. Betsys federal income tax withholding is $95, and she has no voluntary deductions. Use January 15 for the end of the pay period and the payment date. Assume that the FICA tax rate is 7.65%. Federal unemployment taxes are $5 and state unemployment taxes total $2.

Instructions: Prepare employers journal entries to record

Employer Payroll Taxes