3.Tyler Simmons works for Ford Company all year and earns a monthly salary of $4,800. There is no overtime pay. Based on Tyler's W-4, Ford withholds income taxes at 20% of his gross pay. As of July 31, Tyler had $33,600 of cumulative earnings.

(Click the icon to view payroll tax rate information.) Journalize the accrual of salary expense fo Ford Company related to the employment of Tyler Simmons 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 Salaries Expense Payroll Tax Expense Salaries Payable Employee Income Taxes Payable FICA-Medicare Taxes Payable FICA-OASDI Taxes Payable Cash Employee Health Insurance Payable Employee Income Taxes Payable FICA-Medicare Taxes Payable FICA-OASDI Taxes Payable Payroll Tax Expense Salaries Expense Salaries Payable United Way Payable 3. Tyler Simmons works for Ford Company all year and earns a monthly salary of $4,800. There is no overtime pay. Based on Tyler's W-4, Ford withholds income taxes at 20% of his gross pay. As of July 31, Tyler had $33,600 of cumulative earnings. (Click the icon to view payroll tax rate information.) X Journalize the accrual of salary expense for Ford Company related to the employment of Tyler Simmons for the i More Info plect the explanation on the last line the journal entry table.) - Date Accounts and Explanation Debit Credit For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Salaries Expense Payroll Tax Expense 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% first $132,900 earned; Medicare: 1.45%; FUTA: 0.6% on first $7,000 earned; SUTA: 5.4% on first $7,000 earned. Salaries Payable Employee Income Taxes Payable FICA-Medicare Taxes Payable FICA-OASDI Taxes Payable Print Done Paid cash expenses. To record payment of salaries. To record salaries expense and payroll withholdings