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i only need help with number 1. 226 Payroll Accounting Chapter 7: Comprehensive Projects Paper-Based versions One-Month Project NOTE! Templates needed to complete these exercises
i only need help with number 1.
226 Payroll Accounting Chapter 7: Comprehensive Projects Paper-Based versions 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 2017 four individuals are employed by Ellipses Corp. These employees are as follows. Social Security # Federal W/H State W/H Marital Allowances Allowances Status Name Address Parker Cranston 85 Southern Road Herndon, VA 20170 Married Allison Harrison Married 203A Pine Court Herndon, VA 20170 777-77-7777 John Parker 212 Tradition Lane Herndon, VA 20170 444-44-4444 Single Pierre Sternberg 41 Seward Boulevard Herndon, VA 20170 333-33-3333 Married Note that Pierre Sternberg was hired in November, and his first day of work was Monday, November 27 Additionally, due to an economic downturn, Allison Harrison was laid off in mid-December, with her last day of work on Friday, December 15 All employees of Ellipses Corp. work a regular 40-hour workweek (thus all hours worked over 40 in a givern 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. Regular Annual Weekly 401(k) Weekly Charitable Name Parker Cranston Allison Harrison John Parker Pierre Sternberg Wage Rate Salary $15/hour $23/hour N/A N/A N/A N/A S203,000.20 $112,000.20 Deduction 6% of gross pay 5% of gross pay N/A 1%Of gross pay Contribution $5 $5 $20 N/A 226 Payroll Accounting Chapter 7: Comprehensive Projects Paper-Based versions 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 2017 four individuals are employed by Ellipses Corp. These employees are as follows. Social Security # Federal W/H State W/H Marital Allowances Allowances Status Name Address Parker Cranston 85 Southern Road Herndon, VA 20170 Married Allison Harrison Married 203A Pine Court Herndon, VA 20170 777-77-7777 John Parker 212 Tradition Lane Herndon, VA 20170 444-44-4444 Single Pierre Sternberg 41 Seward Boulevard Herndon, VA 20170 333-33-3333 Married Note that Pierre Sternberg was hired in November, and his first day of work was Monday, November 27 Additionally, due to an economic downturn, Allison Harrison was laid off in mid-December, with her last day of work on Friday, December 15 All employees of Ellipses Corp. work a regular 40-hour workweek (thus all hours worked over 40 in a givern 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. Regular Annual Weekly 401(k) Weekly Charitable Name Parker Cranston Allison Harrison John Parker Pierre Sternberg Wage Rate Salary $15/hour $23/hour N/A N/A N/A N/A S203,000.20 $112,000.20 Deduction 6% of gross pay 5% of gross pay N/A 1%Of gross pay Contribution $5 $5 $20 N/AStep by Step Solution
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