3. Jackson Wiliarns works for Ford Company all year and eams a monthly salary of $4,200. There is no overtime pay. Baspd on Jackscons W-4, Ford withiolds income taxes at 10% of his gross pay. As of July 31, Jackson had $28,000 of cumulative of $4,200 (1) (Cick the icon to view payroll tax rate information.) Journalce the accual of solary expense for Ford Compary rolated to the employment of Jadson Willams ty the month of August, (Roosed debits firat, then crobis Round all amounts to the noarest cent. Seloct the oxplanation on the last line of the journal entry thble.) For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $117,000 earned; Medicare: 1.45% up to $200,000,2.35% on earnings above $200,000. Employer: OASDI: 6.2% on first $117,000 earned; Medicare: 1.45%; FUTA: 0.6% on first $7,000 earned; SUTA: 5.4% on first $7,000 earned