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Brief Exercise 11-8 Your answer is partially correct.Try again. Beth Corbins regular hourly wage rate is $14, and she receives an hourly rate of $21for

Brief Exercise 11-8
Your answer is partially correct.Try again.
Beth Corbins regular hourly wage rate is $14, and she receives an hourly rate of $21for work in excess of40hours. During a January pay period, Beth works45hours. Beths federal income tax withholding is $96, she has no voluntary deductions, and the FICA tax rate is 7.65%. Use January 15 for the end of the pay period and the payment date. Prepare the journal entries to record (a) Beths pay for the period and (b) the payment of Beths wages. (Round your answers to 2 decimal places, e.g. 15.25. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
No. Date Account Titles and Explanation Debit Credit
(a) Jan. 15 Salaries and Wages Expense 665
Salaries and Wages Payable 519.13
FICA Taxes Payable 50.87
Federal Income Taxes Payable 95
(b) Jan. 15 Payroll Tax Expense 50.87
FICA Taxes Payable 50.87
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