end dates and associated pay dates. Keep in mind that tax liability and payment amounts are determined based on the weekly pay dates. 3. Complete the employee earnings records for December for each of the four employees. Divide the voluntary deductions from the payroll register appropriately across the associated columns within the employee earnings records. If directed to do so by your instructor, record the necessary journal entries for each pay period. John Parker $165 $218.50 $285.20 $66.70 $230 $25 35 Period Gross Earnings Federal State Social Medicare 401(k) Charitable Income Tax Income Tax Security Tax Tax Deduction Cont. 1st quarter $50,750.05 $11,035.18 $2,537.47 $3,146.52 $735.93 $0 $260 2nd quarter $50,750.05 $11,035.18 $2,537.47 $3,146.52 $735.93 $0 $260 3rd quarter $50,750.05 $11,035.18 $2,537.47 $1,667.76 $735.93 $0 $260 October $15,615.40 $3,395.44 $780.76 $0 $226.44 $0 $80 November $19,519.25 $4,244.30 $975.95 $0 $283.05 $0 $100 One-Month Project NOTE! Templates needed to complete these exercises are included in the Student Exercise Files download for this course. 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 77-7777777, and its president, who signs all tax forms, is John Parker (telephone #571-555-0073). The company does not wish to name a third-party designee on forms. During 2018 four individuals are employed by Ellipses Corp. These employees are as follows. Social Name Address Security # Federal W/H Allowances State W/H Marital Allowances Status Hunter Cranston 85 Southern Road Herndon, VA 20170 111-11-1111 2 2 Married Allison Harrison 203A Pine Court 777-77-7777 4 3 Married Herndon, VA 20170 John Parker 212 Tradition Lane Herndon, VA 20170 444-44-4444 1 1 Single Pierre Sternberg 41 Seward Boulevard Herndon, VA 20170 333-33-3333 2 2 Married Note that Pierre Sternberg was hired in November, and his first day of work was Monday, November 26. Additionally, due to an economic downturn, Allison Harrison was laid off in mid-December, with her last day of work on Friday, December 14. All employees of Ellipses Corp. work a regular 40-hour workweek (thus 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 Friday for the current week (which runs from Saturday through Friday, although employees never work on weekends). The SUTA tax rate applicable to Ellipses Corp. is 3.1%, while the SUTA wage base in Virginia is $8,000. Earnings and voluntary deduction information for each of the four employees is as follows. Name Regular Wage Rate Annual Salary Weekly 401(k) Deduction Weekly Charitable Contribution Hunter Cranston $15/hour N/A 6% of gross pay $5 Allison Harrison $23/hour N/A 5% of gross pay $5 John Parker N/A $203,000.20 N/A $20 Pierre Sternberg N/A $112,000.20 1% of gross pay N/A E Name John Parker Address 212 Tradition Lane Herndon, VA 20170 SSH 444-44-4444 G H Marital Status Earnings Fed. Withholding Allow. State Withholding Allow. M IN P R Single Deductions 14 15 Pay Period Ending Rear Regular Pay Rate Regular Wages Overtime Pay Rate Overame Wages Gross Pay State With Socal Security Tax Medicare Tax County Care Concone Wonho Check Number 12/6/2019 Net Pay 16 12/13/2019 17 12/20/2019 18 12/27/2019 19