I need help to solve my 3-month project for payroll accounting

(Three-Month Project) Ampersand, Inc. Ampersand, Inc., is a small business that operates in Somerset, VT. The company is located at 732 Appalachian Way, Somerset, 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 2020 four individuals are employed by Ampersand, Inc. These employees are as follows:

Note that Francine Stewart was hired in September, and her first day of work was Monday, September 21. On her W-4 Form Francine left sections 2 through 4 blank. Francine files as married filing jointly on her tax return. Additionally, due to an economic downturn, Maggie Hough was laid off in late November, with her last day of work on Friday, November 20. 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 weekly on Sunday for the most recent week (which runs from Monday through Sunday, although employees never work on weekends). The SUTA tax rate applicable to Ampersand, Inc., is 2.5%, while the SUTA wage base in Vermont is $16,100.

Earnings and voluntary deduction information for each of the four employees is as follows:

The first three quarters of the year have passed, and all payroll-related activity has been properly accounted for as of 9/30/2020. Quarterly payroll data for each of the four employees is as follows:

From the provided information, please respond to the following Three-Month Project analysis questions: 1. What are the total taxable FUTA wages for the year? What would these FUTA taxable wages have been if Stacey Jones earned $100,000 less for the year? 2. For William Finnegan, by how much do his Wages, Tips, and Other Compensation on Form W-2 differ from his Medicare Wages and Tips? What does this amount represent? 3. Why does the employer not sign Form W-2? Does the employer sign any form that conveys annual employee compensation to the IRS? If so, which form? 4. For Stacey Jones, by how much do her Social Security Wages on Form W-2 differ from her Medicare Wages and Tips? Why does this difference exist? 5. What is the standard Medicare tax rate? Why does this rate differ from the .029 displayed on line 5c of Form 941? Why does this rate differ from the .009 displayed on line 5d of Form 941? 6. On Form 940, should Part 5 be completed for the current year? Why or why not? 7. For the 4th quarter, what portion of the total Medicare tax is paid by the employer (not withheld from Employee earnings)? 8. Is Stacey Jones Medicare tax withheld the same for each pay period in the 4th quarter? Why or why not? 9. Does the employer owe the same amount of SUTA tax for each employee? Why or why not? What is the amount of SUTA tax owed for each employee? 10. Is Additional Medicare Tax withheld from any employee? If so, which employee(s), and why is this tax withheld from them?

Thank You!

\begin{tabular}{|l|l|l|l|l|} \hline \multicolumn{1}{|c|}{} & Regular Wage Rate & Annual Salary & Weekly 401(k) Deduction & Weekly Charitable Contribution \\ \hline Maggie Hough & $14/ hour & N/A & 5% of gross pay & $10 \\ \hline William Finnegan & $18/ hour & N/A & 4% of gross pay & $5 \\ \hline Stacey Jones & N/A & $262,000.44 & N/A & $15 \\ \hline Francine Stewart & N/A & $94,000.40 & 2% of gross pay & N/A \\ \hline \end{tabular} Employees Information Maggie Hough William Finnedan Stacev Jones Francine Stewlart Notes: - All tax payments and filings are made on the due date. - 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: WARNING! The above dates are weekly start dates. Refer to a calendar to determine the weekly end dates associated pay Keep in that tax liability payment amounts are determined on the weekly pay dates