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3. Troy Thomas works for Ramirez Company all year and earns a monthly salary of $3,800. There is no overtime pay Based on Troy's W-4,

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3. Troy Thomas works for Ramirez Company all year and earns a monthly salary of $3,800. There is no overtime pay Based on Troy's W-4, Ramirez withholds income taxes at 20% of his gross pay. As of July 31, Troy had $26,600 of cumulative earnings. (Click the icon to view payroll tax rate information.) Joumalize the accrual of salary expense for Ramirez Company related to the employment of Troy Thomas for the For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45% up to $200,000,2.35% on earnings above $200,000. Employer: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45%; FUTA: 0.6% on first $7,000 earned; SUTA: 5.4% on first $7,000 earned

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