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Appendix A Continuing Payroll Project: Wayland Custom Woodworking (3 Months, Part 2) [The following information applies to the questions displayed below.] Wayland Custom Woodworking is
Appendix A Continuing Payroll Project: Wayland Custom Woodworking (3 Months, Part 2) [The following information applies to the questions displayed below.] Wayland Custom Woodworking 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 1716 Nichol Street, Logan, Utah, 84321, phone number 435-555- 9877. The owner is Mark Wayland. Wayland's EIN is 91-7444533, and the Utah Employer Account Number is 999-9290-1 Wayland has determined it will pay their employees on a semimonthly basis. Federal income tax should be computed using the percentage method. The SUTA (UI) rate for Wayland Custom Woodworking is 2.6 percent on the first $33,100 The state withholding rate is 5.0 percent for all income levels and marital statuses For Part 2 of this project, you will use the fourth quarter payroll information that you calculated in Part 1 to complete the following tax forms for Wayland Custom Woodworking: U.S. Form 941 . U.S. Form 940 . Utah Form TC-941 Utah Form 33H Form W-2s for all 6 employees . Form W-3 for WCW Appendix A Continuing Payroll Project: Wayland Custom Woodworking (3 Months, Part 2) [The following information applies to the questions displayed below.] Wayland Custom Woodworking 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 1716 Nichol Street, Logan, Utah, 84321, phone number 435-555- 9877. The owner is Mark Wayland. Wayland's EIN is 91-7444533, and the Utah Employer Account Number is 999-9290-1 Wayland has determined it will pay their employees on a semimonthly basis. Federal income tax should be computed using the percentage method. The SUTA (UI) rate for Wayland Custom Woodworking is 2.6 percent on the first $33,100 The state withholding rate is 5.0 percent for all income levels and marital statuses For Part 2 of this project, you will use the fourth quarter payroll information that you calculated in Part 1 to complete the following tax forms for Wayland Custom Woodworking: U.S. Form 941 . U.S. Form 940 . Utah Form TC-941 Utah Form 33H Form W-2s for all 6 employees . Form W-3 for WCW
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