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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

CH7 One-Month 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 work1: What is the total net pay for all employees for each pay period in December?1st pay period.: $2nd pay period: $Srd pay period : $4th pay period: $2: By how much does the Payroll Tax Expense account increase after each pay period?Ist pay period.: $2nd pay period: $3rd pay period: $4th pay period: $3: What did you enter in the indicated boxes of Form 9417Box 2? : $Box 107 : $4: What did you enter in Bos 12 of Form 9407 $What is the total SUTA tax owed for the year? $6: What did you enter in the indicated box of Form W-2 for each employee?Bos 1 for Hunter Cranston: $Box 12a for Allison Harrison: $/ Box 5 for John Parker : SBox 2 for Pierre Stemberg: $7. What did you enter in the indicated boxes of Form W-32Box 20 : $Box 32: 5Box 57: SBox 62: $
One-Month Project: Ellipses Corp.
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 777777777, and its president, who signs all tax forms, is John Parker (telephone #571-5550073). The company does not wish to name a third-party designee on forms.
During 2023 these four individuals are employed by Ellipses Corp.:
\table[[ELLIPSES CORP. EMPLOYEES],[Name,Address,SSN,\table[[Federal],[W/H],[Allow.]],\table[[State],[W/H],[Allow.]],\table[[Marital],[Status]],],[\table[[Hunter],[Cranston]],\table[[85 Southern Road],[Herndon, VA 20170]],111-11-1111,2,2,Married,],[\table[[Allison],[Harrison]],\table[[203A Pine Court],[Herndon, VA 20170]],777-77-7777,4,3,Married,],[\table[[John Parker]],\table[[212 Tradition Lane],[Herndon, VA 20170]],444-44-4444,1,1,Single,],[\table[[Pierre],[Sternberg]],\table[[41 Seward Boulevard],[Herndon, VA 20170]],333-33-3333,N/A,N/A,Married,]]
Pierre Sternberg was hired in November and his first day of work was Friday, November 17. On his W-4 Form Pierre checked box 2c and left sections 3 and 4 blank. Pierre files as married filing jointly on his tax return. Additionally, due to an economic downturn, Allison Harrison was laid off in mid-December. Her last day of work was Thursday, December 7.
All employees of Ellipses Corp. work a regular 40-hour workweek (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 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 3.1%, and the SUTA wage base in Virginia is $8,000.
Earnings and voluntary deduction information for each of the four employees is as follows:
EARNINGS AND VOLUNTARY DEDUCTIONS
\table[[Name,\table[[Regular],[Wage Rate]],\table[[Annual],[Salary]],\table[[Weekly 401(k)],[Deduction]],\table[[Weekly],[Charitable],[Cont.]]],[Hunter Cranston,$15? hour,N/A,6% of gross pay,$5

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