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For Part 2 of this project, you will complete payroll for the last month (December) of the fourth quarter (Q4) of 2019, which consists of

For Part 2 of this project, you will complete payroll for the last month (December) of the fourth quarter (Q4) of 2019, which consists of the final pay periods of the year. Then file the annual tax forms for Wayland as well as prepare each employee's Form W-2 in Part 2 on or before the due date 01/15/2020.

The SUTA (UI) rate for Wayland Custom Woodworking is 2.6 percent on the first $35,300. The state withholding rate is 4.95 percent for all income levels, deductions, and marital statuses, a table has been included to assist with calculations of state tax due for employees.

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

Elective deferrals including deferrals under a simple retirement account that is part of a section 401(k) arrangement should be reported in Box 12, using code D. Employer amounts for health coverage should be reported as 1.5 times the employee's premium in Box 12, using Code DD.

Specific instructions on how to complete each form can be found within the individual forms themselves. The employee information for Wayland has been presented again below, for convenience.

Employee Number Name and Address Payroll information
00-Chins Anthony Chinson Married, 1 Withholding allowance
530 Sylvann Avenue Exempt
Logan, UT 84321 $24,000/year + commission
435-555-1212 Start Date: 10/1/2019
Job title: Account Executive SSN: 511-22-3333
00-Wayla Mark Wayland Married, 5 withholding allowances
1570 Lovett Street Exempt
Logan, UT 84321 $75,000/year
435-555-1110 Start Date: 10/1/2019
Job title: President/Owner SSN: 505-33-1775
01-Peppi Sylvia Peppinico Married, 7 withholding allowances
291 Antioch Road Exempt
Logan, UT 84321 $43,500/year
435-555-2244 Start Date: 10/1/2019
Job title: Craftsman SSN: 047-55-9951
01-Varde Stevon Varden Married, 2 withholding allowances
333 Justin Drive Nonexempt
Logan, UT 84321 $42,000/year
435-555-9981 Start Date: 10/1/2019
Job title: Craftsman SSN: 022-66-1131
02-Hisso Leonard Hissop Single, 4 withholding allowances
531 5th Street Nonexempt
Logan, UT 84321 $49,500/year
435-555-5858 Start Date: 10/1/2019
Job title: Purchasing/Shipping SSN: 311-22-6698
00-Succe Student Success Single, 1 withholding allowance
1650 South Street Nonexempt
Logan, UT 84321 $36,000/year
435-556-1211 Start Date: 10/1/2019
Job title: Accounting Clerk SSN: 555-55-5555

Total deposits made for the quarter is $10,875.10. Monthly tax liability:

October $ 5,550.41
November 5,324.69
December 2,557.16

FUTA tax deposited for the year, including any overpayment applied from a prior year is $248.11. If you have submitted Part 1 already, it is recommended that you access your submission while attempting Part 2, as you will need the information from Part 1 in order to complete all applicable tax for

Required:

1. Complete Form 941 for the remittance of quarterly federal taxes.

how I can find wages, tips and federal income tax withheld

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