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CH 7 One - Month Project: Ellipses Corp.Complete the project outlined in your test using the provided files. When you have finished the project, complete
CH OneMonth Project: Ellipses Corp.Complete the project outlined in your test using the provided files. When you have finished the project, complete this screen based on your work: What is the total net pay for all employees for each pay period in December?st pay period.: $nd pay period: $Srd pay period : $th pay period: $: By how much does the Payroll Tax Expense account increase after each pay period?Ist pay period.: $nd pay period: $rd pay period: $th pay period: $: What did you enter in the indicated boxes of Form Box : $Box : $: What did you enter in Bos of Form $What is the total SUTA tax owed for the year? $: What did you enter in the indicated box of Form W for each employee?Bos for Hunter Cranston: $Box a for Allison Harrison: $ Box for John Parker : SBox for Pierre Stemberg: $ What did you enter in the indicated boxes of Form WBox : $Box : Box : SBox : $
OneMonth Project: Ellipses Corp.
Ellipses Corp. is a small business that operates in Herndon, VA The company is located at Period Lane, Herndon, VA Its federal Employer Identification Number is and its president, who signs all tax forms, is John Parker telephone # The company does not wish to name a thirdparty designee on forms.
During these four individuals are employed by Ellipses Corp.:
tableELLIPSES CORP. EMPLOYEESNameAddress,SSNtableFederalWHAllowtableStateWHAllowtableMaritalStatustableHunterCranstontable Southern RoadHerndon VA Married,tableAllisonHarrisontableA Pine CourtHerndon VA Married,tableJohn Parkertable Tradition LaneHerndon VA Single,tablePierreSternbergtable Seward BoulevardHerndon VA NANAMarried,
Pierre Sternberg was hired in November and his first day of work was Friday, November On his W Form Pierre checked box and left sections and blank. Pierre files as married filing jointly on his tax return. Additionally, due to an economic downturn, Allison Harrison was laid off in midDecember. Her last day of work was Thursday, December
All employees of Ellipses Corp. work a regular hour workweek all hours worked over in a given week are overtime hours receive overtime pay at a rate of times the regular wage rate, and are paid weekly on Thursday for the current week which runs from Friday through Thursday, but employees never work on weekends The SUTA tax rate for Ellipses Corp. is and the SUTA wage base in Virginia is $
Earnings and voluntary deduction information for each of the four employees is as follows:
EARNINGS AND VOLUNTARY DEDUCTIONS
tableNametableRegularWage RatetableAnnualSalarytableWeekly kDeductiontableWeeklyCharitableContHunter Cranston,$ hour,NA of gross pay,$
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