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I would like to get help on this assignment asap. Please help. i need to answer questions 1-8.

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Three-Month Project NOTE! Templates needed to complete these exercises, including one containing year-to-date payroll data, are included in the Student Exercise Files download for this course. Ampersand, Inc., is a small business that operates in Somerset, VT. The company is located at 732 Appalachian Way, Somerset, VT 05363. Its federal Employer Identification Number is 44-4444444, and its president, who signs all tax forms, is Stacey Jones (telephone #802-555-3917). The company does not wish to name a third- party designee on forms. During 2019 four individuals are employed by Ampersand, Inc. These employees are as follows: Social Federal W/H State W/H Marital Name Address Security # Allowances Allowances Status Maggie 13 Spruce Street 222-22-2222 Single Hough Somerset, VT 05363 William 7 Smith Boulevard 999-99-9999 2 2 Married Finnegan Somerset, VT 05363 Stacey 8110 Browning Place 555-55-5555 2 7 Single Jones Somerset, VT 05363 Francine 101 Park Court 888-88-8888 3 3 Married Stewart Somerset, VT 05363230 Payroll Accounting Chapter 7: Comprehensive Projects-Paper-Bas Stac Note that Francine Stewart was hired in September, and her first day of work was Monday, September 23 Additionally, due to an economic downturn, Maggie Hough was laid off in late November, with her last day of Qu work on Friday, November 22. 1st All employees of Ampersand, Inc., 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 week. 2n on Sunday for the most recent week (which runs from Monday through Sunday, although employees never woul 3rc of weekends). The SUTA tax rate applicable to Ampersand, Inc., is 2.5%, while the SU IA wage base in Vermont $15,600. Earnings and voluntary deduction information for each of the four employees is as follows: Weekly Charitable Fra Regular Annual Weekly 401(k) Contribution Name Wage Rate Salary Deduction $10 Maggie Hough $14/hour N/A 5% of gross pay $5 William Finnegan $18/hour N/A 4% of gross pay $15 Stacey Jones N/A $262,000.44 N/A Francine Stewart N/A $94,000.40 2% of gross pay N/A The first three quarters of the year have passed, and all payroll-related activity has been properly accounted for as of 9/30/2019. Quarterly payroll data for each of the four employees is as follows: Maggie Hough Gross Federal State Social Medicare 401(k) Charitable Quarter Earnings Income Tax Income Tax Security Tax Tax Deduction Cont. 1st quarter $7,280 $533 $345.80 $451.36 $ 105.56 $364 $130 2nd quarter $7,280 $533 $345.80 $451.36 $105.56 $364 $130 3rd quarter $7,280 $533 $345.80 $451.36 $105.56 $364 $13 William Finnegan Gross Federal Quarter State Social Earnings Income Tax Income Tax Medicare 401(k) Charitable Security Tax Tax Deduction Cont. 1st quarter $9,360 $403 $449.28 $580.32 $135.72 $374.40 $65 2nd quarter $9,360 $403 $449.28 $580.32 $135.72 $374.40 $65 3rd quarter $9,360 $403 $449.28 $580.32 $135.72 $374.40 $65Three-Month Project 231 Gross Federal Quarter Earnings Income Tax State Income Tax Social Security Tax Medicare 401(k) 1st quarter $65,500.11 $15,655.90 Tax Charitable Deduction Cont $3,274.96 $4,061.07 2nd quarter $65,500.11 5949.78 $15,655.90 $0 $195 $3,274.96 $4,061.07 3rd quarter $65,500.11 $949.78 $0 $15,655.90 $195 $3,274.96 $117.66 $949.78 $0 $195 Francine Stewart Gross Federal State Quarter Earnings Social Medicare 401(k) Charitable Income Tax Income Tax Security Tax Tax Deduction Cont. 1st quarter $0 $0 $0 $0 $0 $0 2nd quarter $0 $0 $0 $0 $0 $0 $0 3rd quarter $1,807.70 $148.80 $88.58 $112.08 $26.21 $36.15 $0 Note that all tax payments and filings are made on the due date. Based on the data provided here, you will complete the following: 1. Establish an employee earnings record for each of the company's four employees. Complete the top portion of each record. 2. Establish and complete the payroll register for each weekly pay period in the fourth quarter. When calculating federal income tax withholding, use the withholding tables where possible, and refer to the percentage method only when necessary. Note that as of November 25, Stacey Jones requests that her federal withholding allowances decrease from two to one (Ampersand, Inc., makes this change). Additionally, for simplicity, calculate the state income tax withholding as 5% of each employee's taxable pay (which is the same as taxable pay for FWT). Recall that state income tax withholding would ordinarily be calculated using the applicable state's withholding tables. Payroll checks are remitted to the employees in the same order (Hough, Finnegan, Jones, Stewart) each pay period and are written from a bank account that is used solely for these payments. The first payroll check written in October is check #4711. Note that all charitable contributions are deemed to be made on the final day of each pay period. The following information will be required for the completion of these records for the two employees who are compensated via an hourly wage:232 Payroll Accounting Chapter 7: Comprehensive Weekly Hours Worked Weekly Start Maggie William William Date Hough Finnegan Weekly Start Maggie Date Hough Finnegan November 18 41 34.5 September 30 40 44 40 November 25 O October 7 42 37 December 2 0 41 October 14 38 40 December 9 43.5 October 21 40 46.5 December 16 42.5 October 28 43.5 42 December 23 O 40 November 4 40 45 November 11 39 40 WARNING! The above dates are weekly start dates. Refer to a calendar to determine the weekly 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 an employee earnings record for the 4th quarter 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. 4. Complete Form 941 for both the 3rd and 4th quarters. Assume that the employees earned the same amount during each pay period of the 3rd quarter and that there were four, four, and five pay periods during the months of July, August, and September, respectively. Note that based on the lookback period, the company is a monthly depositor. Assume that all necessary deposits were made on a timely basis and that the employer made deposits equal to the total amount owed for each quarter. Although Vermont quarterly state payroll forms are also filed by Ampersand, Inc., you will not complete these. If directed to do so by your instructor, record the necessary journal entries associated with each Form 941 (including those required for any tax payments made). NOTE! Recall from the Form 941 Rounding Considerations section that quarter- and year-end tax figures should not be calculated based on the total taxable earnings for the respective quarter or year. Instead, to avoid rounding discrepancies, tax figures within Part 2 of Form 941 should be determined for each employee by adding the individual taxes across each pay period. 5. Complete Form 940 for Ampersand, Inc. Note that FUTA payments are made only when required (i.e., if the employer is permitted to postpone the payment of these taxes, it will do so until a point in time when payment must be remitted). If directed to do so by your instructor, record the necessary journal entry associated with Form 940. 6. Calculate total SUTA tax owed by the employer. Although Ampersand, Inc., will file state forms in which this figure is reported, you are required to calculate only the total amount owed for the year. 7. Complete Copy A of Form W-2 for each of the four employees. State wages were the same as federal wages subject to federal withholding tax for each of the four employees, and the state identification number for Ampersand, Inc., is the same as its federal Employer Identification Number. 8. Complete Form W-3 for Ampersand, Inc. Note that the company files the paper version of the form and selects "None apply" in the Kind of Employer