Lemur Corp. is going to pay three employees a year-end bonus. The amount of the year-end bonus and the amount of federal

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Lemur Corp Is Going To Pay Three Employees A Year End Bonus The Amount Of The Year End Bonus And The Amount Of Federal 1 (27.08 KiB) Viewed 12 times

Lemur 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 areas fudows Federal Gross Income Employee Filing Status Allowances Income Withholding Sarah Married 4 Joe Single 2 $15,000 $962 $5,000 $1,362 $6,000 $357 Kevin Single Lemurs payroll deductions include FICA Social Security at 6.2%, FICA Medicare at 1.45%, FUTA at 0.6%, SUTA at 5.4%, federal income tas 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. If required, round your answers to the nearest whole dollar. If an amount box does not require entry, leave it blank Dec. 31 Next