PA10. LO 12.5Lemur Corp. is going to pay three employees a year-end bonus. The amount...
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PA10. LO 12.5Lemur Corp. is going to pay three employees a year-end bonus. The amount of the year-end bonus and the amount of federal income tax withholding are as follows. Employee Filing Status Allowances Gross Income Federal Income Withholding Sarah Joe Kevin Married Single Single O $10.000 $ 9.000 $ 4,000 $1,362 Lemur's payroll deductions include FICA Social Security at 6.2%, FICA Medicare at 1.45%, FUTA at 0.6%, SUTA at 5.4%, federal income tax as previously shown, state income tax at 5% of gross pay, and 401(k) employee contributions at 2% of gross pay. Record the entry for the employee payroll on December 31 PA10. LO 12.5Lemur Corp. is going to pay three employees a year-end bonus. The amount of the year-end bonus and the amount of federal income tax withholding are as follows. Employee Filing Status Allowances Gross Income Federal Income Withholding Sarah Joe Kevin Married Single Single O $10.000 $ 9.000 $ 4,000 $1,362 Lemur's payroll deductions include FICA Social Security at 6.2%, FICA Medicare at 1.45%, FUTA at 0.6%, SUTA at 5.4%, federal income tax as previously shown, state income tax at 5% of gross pay, and 401(k) employee contributions at 2% of gross pay. Record the entry for the employee payroll on December 31
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