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Kendell Rogers works for Howard Company all year and earns a monthly salary of $3,200....

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Accounting

Kendell Rogers works for Howard Company all year and earns a monthly salary of $3,200. There is no overtime
pay. Based on Kendell's W-4, Howard withholds income taxes at 10% of his gross pay. As of July 31, Kendell had
$22,400 of cumulative earnings.
(Click the icon to view payroll tax rate information.)
Journalize the accrual of salary expense for Howard Company related to the employment of Kendell Rogers 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.)
More Info:
For all payroll calculations, use the following tax rates and round amounts to the nearest cent:
Employee:
OASDI: 6.2% on first $118,500earned; Medicare: 1.45% up to $200,000,2.35% on earnings above $200,000.
Employer:
OASDI: 6.2% on first $118,500earned; Medicare: 1.45%; FUTA: 0.6% on first $7,000earned; SUTA: 5.4% on first $7,000 earned.
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