Mary Strand's 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, Mary works $42$ hours. Mary's federal income tax withholding is $$86,$ and she has no other deductions.

Prepare a tabular summary to record the employer's payroll taxes for the period. Assume that the FICA tax rate is $7\mathrm{.}65\%.$ Ignore

unemployment taxes. $($Round answers to $2$ decimal places, e$.$g$.15\mathrm{.}25.$ 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.$)$