PA10. LO 12.5 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 are as follows. Employee Filing Status Allowances Gross Income Federal Income Withholding Sarah Joe Married 4 Single Single 2 1 $10,000 $9,000 $ 4,000 $ 962 $1,362 $ 357 Kevin 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. Solution Dec. 31 Salary Expense Page 6 of 7 OpenStax Principles of Accounting, Volume 1: Financial Accounting Chapter 12: Current Liabilities FICA Social Security Tax Payable FICA Medicare Tax Payable Federal Income Tax Payable State Income Tax Payable 401(k) Retirement Plan Payable Salaries Payable To recognize employee payroll for December bonus