One$-$Month Project: Ellipses Corp.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 $2023$ these four individuals are employed by Ellipses Corp.:Ellipses Corp. EmployeesNameAddressSSNFederal W$/$HAllow$.$State W$/$HAllow$.$MaritalStatusHunter Cranston$85$ Southern Road Herndon, VA $20170111-11-111122$MarriedAllison Harrison$203$A Pine Court Herndon, VA $20170777-77-777743$MarriedJohn Parker$212$ Tradition Lane Herndon, VA $20170444-44-444411$SinglePierre Sternberg$41$ Seward BoulevardHerndon, VA $20170333-33-3333$N$/$AN$/$AMarriedPierre Sternberg was hired in November and his first day of work was Friday, November $17.$ On his W$-4$ Form Pierre checked box $2$c and left sections $3$ and $4$ blank. Pierre files as married filing jointly on his tax return. Additionally, due to an economic downturn, Allison Harrison was laid off in mid$-$December. Her last day of work was Thursday, December $7.$All employees of Ellipses Corp. work a regular $40-$hour workweek $($all hours worked over $40$ in a given week are overtime hours$),$ receive overtime pay at a rate of $1\mathrm{.}5$ times the regular wage rate, and are paid weekly on Thursday for the current week $($which runs from Friday through Thursday, but employees never work on weekends$).$ The SUTA tax rate for Ellipses Corp. is $3\mathrm{.}1\%,$ and the SUTA wage base in Virginia is $$8,000.$Earnings and voluntary deduction information for each of the four employees is as follows:Earnings and Voluntary DeductionsNameRegularWage RateAnnualSalaryWeekly $401($k$)$DeductionWeekly CharitableCont. Hunter Cranston$$15/$hourN$/$A$6\%$ of gross pay$$5$Allison Harrison$$23/$hourN$/$A$5\%$ of gross pay$$5$John ParkerN$/$A$$203,000\mathrm{.}20$N$/$A$$20$Pierre SternbergN$/$A$$112,000\mathrm{.}201\%$ of gross payN$/$AThe first $11$ months of the year have passed, and all payroll$-$related activity has been accounted for as of $11/30/2023.$ Payroll data for each of the four employees for the first three quarters of the year, as well as for the months of October and November, is as follows:Hunter CranstonPeriodGross EarningsFederalIncome TaxStateIncome TaxSocial Security TaxMedicareTax$401($k$)$DeductionCharitableCont$.$Q$1$$$7,800$$$143$$$366\mathrm{.}60$$$483\mathrm{.}60$$$113\mathrm{.}10$$$468$$$65$Q$2$$$7,800$$$143$$$366\mathrm{.}60$$$483\mathrm{.}60$$$113\mathrm{.}10$$$468$$$65$Q$3$$$7,800$$$143$$$366\mathrm{.}60$$$483\mathrm{.}60$$$113\mathrm{.}10$$$468$$$65$October$$2,400$$$44$$$112\mathrm{.}80$$$148\mathrm{.}80$$$34\mathrm{.}80$$$144$$$20$November$$3,000$$$55$$$141\mathrm{.}00$$$186\mathrm{.}00$$$43\mathrm{.}50$$$180$$$25$Allison HarrisonPeriodGross EarningsFederalIncome TaxStateIncome TaxSocialSecurity TaxMedicareTax$401($k$)$DeductionCharitableCont$.$Q$1$$$11,960$$$338$$$568\mathrm{.}10$$$741\mathrm{.}52$$$173\mathrm{.}42$$$598$$$65$Q$2$$$11,960$$$338$$$568\mathrm{.}10$$$741\mathrm{.}52$$$173\mathrm{.}42$$$598$$$65$Q$3$$$11,960$$$338$$$568\mathrm{.}10$$$741\mathrm{.}52$$$173\mathrm{.}42$$$598$$$65$October$$3,680$$$104$$$174\mathrm{.}80$$$228\mathrm{.}16$$$53\mathrm{.}36$$$184$$$20$November$$4,600$$$130$$$218\mathrm{.}50$$$285\mathrm{.}20$$$66\mathrm{.}70$$$230$$$25$John ParkerPeriodGross EarningsFederalIncome TaxStateIncome TaxSocialSecurity TaxMedicareTax$401($k$)$DeductionCharitableCont$.$Q$1$$$50,750\mathrm{.}05$$$10,182\mathrm{.}51$$$2,537\mathrm{.}47$$$3,146\mathrm{.}52$$$735\mathrm{.}93$$$0$$$260$Q$2$$$50,750\mathrm{.}05$$$10,182\mathrm{.}51$$$2,537\mathrm{.}47$$$3,146\mathrm{.}52$$$735\mathrm{.}93$$$0$$$260$Q$3$$$50,750\mathrm{.}05$$$10,182\mathrm{.}51$$$2,537\mathrm{.}47$$$3,146\mathrm{.}52$$$735\mathrm{.}93$$$0$$$260$October$$15,615\mathrm{.}40$$$3,133\mathrm{.}08$$$780\mathrm{.}76$$$492\mathrm{.}84$$$226\mathrm{.}44$$$0$$$80$November$$19,519\mathrm{.}25$$$3,916\mathrm{.}35$$$975\mathrm{.}95$$$0$$$283\mathrm{.}05$$$0$$$100$Pierre SternbergPeriodGross EarningsFederalIncome TaxStateIncome TaxSocialSecurity TaxMedicareTax$401($k$)$DeductionCharitableCont$.$Q$1$$$0$$$0$$$0$$$0$$$0$$$0$$$0$Q$2$$$0$$$0$$$0$$$0$$$0$$$0$$$0$Q$3$$$0$$$0$$$0$$$0$$$0$$$0$$$0$October$$0$$$0$$$0$$$0$$$0$$$0$$$0$November$$4,307\mathrm{.}70$$$641\mathrm{.}98$$$213\mathrm{.}24$$$267\mathrm{.}08$$$62\mathrm{.}46$$$43\mathrm{.}08$$$0$All tax payments and filings are made on the due date. Based on the data provided, you will complete the following:Establish an employee earnings record for each of the company$$s four employees. Complete the top portion of each record.Establish and complete the payroll register for each weekly pay period in December. When calculating federal income tax withholding, use the withholding tables where possible and refer to the percentage method only when necessary. For simplicity, calculate the state income tax withholding as $5\%$ of each employee$$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 $($Cranston$,$ Harrison, Parker, Sternberg$)$ each pay period and are written from a bank account used solely for these payments. The first payroll check written in December is check #$762.$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: