Your answer is partially correct Sarah Strand's regular hourly wage rate is $24, and she receives an hourly rate of $36 for work in excess of 40 hours. During a January pay period, Sarah works 46 hours, Sarah's federal income tax withholding is $87.00, and she has no voluntary deductions. Assume that the FICA tax rate is 7.65%. Prepare the employer's journal entries to record (a) Sarah's pay for the period and (b) the payment of Sarah's wages. Use January 15 for the end of the pay period and the payment date. (Round answers to 2 decimal places, eg. 15.25. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit No. Date Account Titles and Explanation Jan. (a) Salaries and Wages Expense 15 Federal Income Taxes Payable FICA Taxes Payable Salaries and Wages Payable Jan. (6) Salaries and Wages Payable 15 Cash