Congratulations! You have been just awarded the payroll contract for the company Jenns BADM50 Comprehensive Consultants (88-0000050). The company pays Bi-Monthly, with pay periods ending the 15th and the 31st, pay days being 1st and 16th. Assume all prior payroll liabilities and payables have been made. The company hires a new employee Davita Jones 12/03/2019. She makes $20 per hour. Your responsibility: Process and record payroll (including pay stubs) for the 4th quarter and all necessary year end reports. Journalize all transactions. Use your textbook, class notes and presentations, IRS.gov, EDD.CA.gov, and DLSE.CA.gov to calculate and access your necessary info. Make and document assumptions when necessary. Submit your assumptions. Support your decisions. Prepare your findings. Label your work. Show all work/calculations. Use 2019 forms and tax tables. Use your name for preparers information. Submit your assignment in PDF format.

Jenn Ro

John Doe

Davita Jones

SS#

555-55-5551

555-55-5552

555-55-5553

Wage/Salary

$30,000 Salary/Pay period

$30/per hour

$20/per hour

Job Description

Owner

Clerk

Clerk

W4

M2

HH/4

See W4

YTD Gross

$ 90,000

$ 6,000

YTD FWT

$ 9,000

$ 1,200

YTD SS

$ 5,580

$ 372

YTD Med

$ 1,305

$ 87

YTD SDI

$ 900

$ 60

YTD PIT

$ 900

$ 81

YTD Net

$ 73,315

$ 4,200