Appendix A

Comprehensive Payroll Project: Wayland Custom Woodworking

Wayland Custom Woodwork is a firm that manufactures custom cabinets and woodwork for business and residential customers. Students will have the opportunity to establish payroll records and to complete a month of payroll information for Wayland.

Wayland Custom Woodworking is located at 12850 Old Highway 50, Glenbrook, Nevada, 89413, phone number 775-555-9877. The owner is Mark Wayland. Waylands EIN is 91-7444533, and the Nevada Employer Account Number is E6462582020-6. Wayland has determined it will pay its employees on a semimonthly basis. Federal income tax should be computed using the percentage method.

December 15
Compute the net pay and update the Employees' Earning Record with the December 15 pay and the new YTD information. Employee pay will be disbursed on December 20, 2021. Any hours worked in excess of 88 hours during this pay period are considered overtime for nonexempt employees.

December 31
The final pay period of the year will not be paid to employees until January 4, 2022. The company will accrue the wages for the final pay period only. Since the pay period is complete, there will not be a reversing entry for the accrual.
The company pays for Christmas Eve and December 27 for 2021. Employees will be paid for both Friday and Monday as holiday pay.
Employee pay will be disbursed and reflected on the Employees' Earnings Register when paid. The remainder of the employer liability will be paid with the final filing for the year. Complete all state and fedreal tax forms for the year-end. Generate Forms W-2 and W-3 for employees, and recall that these forms only reflect wages actually paid during the calendar year. Employer amounts for health coverage should be reported as 1.5 times the employee's premium in Box 12, using Code DD. The forms will be signed on January 14, 2022