Laura Strands regular hourly wage rate is $20, and she receives an hourly rate of $30 for work in excess of 40 hours. During a January pay period, Laura works 45 hours. Lauras federal income tax withholding is $94, and she has no voluntary deductions. Assume that the FICA tax rate is 7.65%.

Prepare the employers journal entry to record payroll taxes for the period. Ignore unemployment taxes. (Round answers to 2 decimal places, e.g. 15.15. Credit account titles are

Date Account Titles and Explanation Debit Credit

Jan. 15