Donna Strand's regular hourly wage rate is $19, and she receives an hourly rate of $20 for work in excess of 40 hours. During a January pay period, Donna works 47 hours. Donna's federal income tax withholding is $92, and she has no voluntary deductions. Assume that the FICA tax rate is 7.65%. Prepare a tabular summary to record the employer's payroll taxes for the period. Include margin explanations for changes in revenues and expenses. Ignore unemployment taxes. (Round answers to 2 decimal places, e.g. 15.25. If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Jan. 15 $ Assets Cash A = $ Salaries & Wages Pay. + $ Liabilities Fed. Inc. Taxes Pay. + $ FICA Taxes F

Donna Strand's regular hourly wage rate is $19, and she receives an hourly rate of $20 for work in excess of 40 hours. During a January pay period, Donna works 47 hours. Donna's federal income tax withholding is $92, and she has no voluntary deductions. Assume that the FICA tax rate is 7.65%. Prepare a tabular summary to record the employer's payroll taxes for the period. Include margin explanations for changes in revenues and expenses. Ignore unemployment taxes, (Round answers to 2 decimal places, eg, 15.25. If a transaction causes a decrease in Assets, Labilities or Stockholders' Equitx, place a negative slan (or parentheses) in front of the amount entered for the particular Asset, Liability or Equily item that was reduced.)