226 Payroll Accounting Chapter 7 Comprehensive Projects-Paper Based Versions One-Month Project NOTE! Templates needed to complete these exercises, including one containing year-to-date payroll dara are included in the Student Exercise Files download for this course 9268 Ellipses Corp. is a small business that operates in Herndon, VA. The company is located at 10 Period Lane, Herndon, VA 20170. Its federal Employer Identification Number is 77-7777777, and its president, who signa all tax forms, is John Parker (telephone #571-555-0073). The company does not wish to name a third-party designee on forms During 2019 four individuals are employed by Ellipses Corp. These employees are as follows: Name Hunter Cranston Address Social Security Federal W/H2 Allowances State W/H Allowances Marital Status 85 Southem Road Herndon, VA 201701 111-11-1111 2 Married Allison Harrison 203A Pine Court 777-77-7777 4 3 Married Herndon, VA 20170 John Parker 212 Tradition Lane 444-44-4444 T 1 Single Herndon, VA 20170 Pierre Sternberg 41 Seward Boulevard 333-33-3333 2 2 Married Herndon, VA 20170 Note that Pierre Sternberg was hired in November, and his first day of work was Monday, November 25. Additionally, due to an economic downturn, Allison Harrison was laid off in mid-December, with her last day o work on Friday, December 13. All employees of Ellipses Corp. work a regular 40-hour workweek (thus all hours worked over 40 in a given week are overtime hours), receive overtime pay at a rate of 1.5 times the regular wage rate, and are paid weekl on Friday for the current week (which runs from Saturday through Friday, although employees never work on weekends). The SUTA tax rate applicable to Ellipses Corp. is 3.1%, while the SUTA wage base in Virginia is $8,000. Earnings and voluntary deduction information for each of the four employees is as follows: Name Regular Wage Rate Annual Weekly 401(k) Weekly Charitable Salary Deduction Contribution Hunter Cranston $15/hour N/A 6% of gross pay $5 Allison Harrison $23/hour N/A 5% of gross pay $5 John Parker N/A $203,000.20 N/A $20 Pierre Sternberg N/A $112,000.20 1% of gross pay N/A