Problem: Tammy 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, Tammy works 46 hours. Tammy'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 for Tammy's employer to record (a) Tammy's pay for the period and (b) the payment of Tammy's wages. Use January 15 for the end of the pay period and the payment date. Include margin explanations for the changes in revenues and expenses. (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.)