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3. Tyler Williams works for Richardson Company all year and earns a monthly salary of $3,000. There is no overtime pay. Based on Tyler's W-4,

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3. Tyler Williams works for Richardson Company all year and earns a monthly salary of $3,000. There is no overtime pay. Based on Tyler's W-4, Richardson withholds income taxes at 20% of his gross pay. As of July 31, Tyler had $21,000 of cumulative earnings. (Click the icon to view payroll tax rate information.) Journalize the accrual of salary expense for Richardson Company related to the employment of Tyler Williams for the month of August. (Record debits first, then credits. Round all amounts to the nearest cent. Select the explanation on the last line of the journal entry table.) X i More Info Date Accounts and Explanation Debit - 3000 Salaries Expense Payroll Tax Expense Salaries Payable FICA-OASDI Taxes Payable For all payroll calculations, use the following tax rates and round amounts to the nearest cent: FICA-Medicare Taxes Payable Employee: OASDI: 6.2% on first $118,500 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. Employer: OASDI: 6.2% on first $118,500 earned; Medicare: 1.45%; FUTA: 0.6% on first $7,000 earned; SUTA: 5.4% on first $7,000 earned. T-....na..-LI. Choose from any list or enter any number in the input fields and then continue to the next Print Done

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