3. Vincent Roberts works for Grant Company all year and earns a monthly salary of $3,800. There is no overtime pay. Based on Vincent's W-4, Grant withholds income taxes at 20% of his gross pay. As of July 31, Vincent had $26,600 of cumulative earnings. i (Click the icon to view payroll tax rate information.) Journalize the accrual of salary expense for Grant Company related to the employment of Vincent Roberts 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.) Date Accounts and Explanation Debit Credit More info 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. Print Done -