226 Payroll Accounting Chapter 7: Comprehensive Projects-Paper-Based Vers One-Month Project NOTE! Templates needed to complete these exercises, including one containing year-to-date payroll data, are included in the Student Exercise Files download for this course. 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 signs 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 Address Social Security # Federal W/H Allowances State W/H Allowances Marital Status 2 Married Hunter Cranston 1929.40 Allison Harrison 1,421-34 John Parker 11, 138.32 Herndon, VA 20170 85 Southern Road Herndon, VA 20170 111-11-1111 2 3 203A Pine Court Herndon, VA 20170 777-77-7777 4 Married 1 212 Tradition Lane 444-44-4444 1 Single 2 Married Pierre Sternberg 41 Seward Boulevard 333-33-3333 2 6,546-24 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 of 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 weekly 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 Salary Weekly 401(k) Deduction Weekly Charitable 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