Required information Appendix A Continuing Payroll Project: Wayland Custom Woodworking (1 Month, Part 2) (Static) [The following information applies to the questions displayed below] Wayland Custom Woodworking is a firm that manufactures custom cabinets and woodwork for business and residential customers. Students will have the opportunity to establish payroll records and to complete a month of payroll information for Wayland. Wayland Custom Woodworking is located at 12850 Oid Highway 50, Glenbrook, Nevada, 89413 , phone number 775-555-9877. The owner is Mark Wayland. Wayland's EIN is 91-7444533 and the Nevada Employer Account Number is E6462582020-6. Wayland has determined it will pay its employees on a semimonthly basis. Federal income tax should be computed using the percentoge method for manual payrolls with Forms W-4 from 2020 or later. For Part 2 of this project, you will complete payroll for the last month (December) of the fourth quarter (Q4) of 2022, 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 01/14/2023 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 - US. Form 940 - Nevada NUCS 4072 - Nevada New Hire Report - Form W-2s for all 6 employees - Form W.3 for WCW Elective deferrals including defertais 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 15 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. Specific instructions on how to complete each form can be found within the individual forms themselves. The ernployee information for Wayland has been presented again below, for convenience. Total deposits made for the quarter is $12.617/2 Monthly tax lability FUTA tax deposited for the year including any overpayment applied from a prior year is $25200 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 alf applicable tax forms. Total deposits made for the quarter is $12.61772. Monthly tax liability FUTA tax deposited for the year, including any overpayment applied from a prior year is $25200 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 forms. For additional instructions on how to navgate and work through through Part 2 of this project, please download the student proiect guide here: Form 941 (Static) Required: 1. Complete Form 941 for the rematiance of quarterly federal taxes. Complete this question by entering your answers in the tabs below. Complote Page 1 of form 941 . Hote: Round your intermediate computations and final arywers to 2 decimal places. Input all values as positve hamberi. Form 941 for 2022 : Employer's QUARTERLY Federal Tax Return Departient ef toe Tieasur - intenal Rovenue Sevice Report for this Quarter 2022 (Check one.) e (not your trade name) le name (if any) Apri, May, June Jul. August September October November, Decenber Go fo www in goveromat for instructions and the latest information S the separale instructioes before you complele f om 941 . Tipe or pont wathin be bores Part 1? Answer these questions for this quarter. Number of employees who received wages, bips, or othet cempensabon for the pay period incluaing March 1? (Ouarter 1) Noges, tips, and other compensation federal income tax withheld trom wages, tip1, and other compensation If no wages, tos, and other compensation are sutiect to social secur ay or Mrificale tar Check and po to line 6 . Iaxable nocial secanty wages (4) Oualified aick leare wages (ii) Qualifed femily lesre wages Tasable sceial security tips. Tasable Medicare wages s tipe Taxable wages s tips subject to Additional Mevicare fax withholding Total social aecurity and Medicare taxes Ada Colurea 2 trom lines 5a,5b, sc, and 5d Section 3124(q) Notice and Demand - Tax dae on uneported tipt Total tares before adjustrents. Curnest quarter's adiustinent for fractions of cents Current quarter's adjuatment for aick pay Current quarfer's adjustmients for tips and group tent bile insuiance. Total Eaxes after adjuatinents. Combene ints 6 throoph 9 : a Qualified small businets payoll tak credit for increasiog research activities. Attsch form S\$24 b Ncenefandable portion of credit for qualified sick and family leave wages for leave taken before Apil 1, 2024 eReserved for tuture use: d Monrefundable portioe of credt for cialihed nick and family keave wages for leave taken ahicr March 31, 2021, and before Dcioter 1, 2025 e Nonrefundable portion ef CoerA premium assiatance credt (see instruefosas for applicable quarters) [Celamn? Sa Taxable social secunty weges 5a (i) Gualified sick leave wages HInclude taxable qualked sick and family leave wages pald in 2022 for loave takee Is (i) Qualified family leave wages ahee March 31, 2021, and belore Oclober 55 Taxable sccial security tips Se tarable Medicare wages a bipt Sd. Taxatle wages x tips subject to Additional Medicare Tax withholting 1.202i, an lae 5a. Use lines 5a(J) and 5 alij) only for taxable qualifed sick and 0) tamiy leave wages pald in 2022 lor leavo taken after March 31,2020 , and berfore April 1,2021 Se Teeal nocial security and Medicare taxes Add Column 2 hom lines 5 a, 5b, 5c, and 5d St Sectica 3124(q) Notice and Demand - Tax doe en unreported tips i. Total taxes before adfustments. 7 Cunent quarters adjustiment for hactions of cents 8 Current quarter's affustrnent for sick pay 9 Cunent quarter's sifintments fot tep and group-term lafe intur ance 10 Total tanes afier adiustiments. Cembive anes 6 trieuph 9 11. Qualded small bus iness poyrodi tax credit for increasing lesearch actr ties. Attach ferm 1344 116 Nonrefundable porticn of credit fer quaified sick and family leave wages for leave taken before Apet 1,202t H1c Meserved for future use 1fd Mancefundable portion of creat for qualfed sickand famby leave waget for le ave taken afier Mareh 34, 2024, ahal before Oetoker t, asat the Monechundatle portion of CoDRA premam asaistance creilit (se instructices for applicable cararter*) 11t Number of indmiduals provised cobaA peemam assistance 11d Total noevefundable credits. Add lines 14a, 11b. 11e. 1 Id, and 1fe 12 Total takes afier aqjustments and nonefundable credits. Subvact bne 4 so from line 10 944x(sp) fied in the current enarter 13b Meserved for Frtare use 13c Aefundathe portion ef credit for eyaifed aick and fanily leave waget for irive taken betore Apra ti, 20dt I3d Refundable porbon of amplopee ielention ciedit 13e Mefundable portice of erecht for ealified aick anet famiy lewe mages for leave takea afler March 31,2024 and before October 1, 2521. 13a Totat deposits and rhandable eridits. Ada ines 134,13cn 13d. 13e, and 13 I3h Total advances received from tang form(w) 7209 for the quarier I31 Total deposess and returdabie eredits less adeances. Subbract line 13h frem ine 13g 14 falance duet. 15 Overpayment If ine I3 a more Ban ine 12, enier tie efference You Must compiete hoth pages ef form 8tf and son it. For Privacy Arl and Paperwork Reduction Act Notice. see the Back of the Paymemt Woucher. you are unsure about whether you are a monthly schedule depositor or a semiweckly schedule ofpositor, see section 11 of Pub. 15 . 6. Check one! Line 12 on this ieturn is less than $2,500 or line 12 on the refarn for the prior quarter was less than $2,500, and you didet iacur a $100,600 next day deposit obligabon duning the current quarier. I Ine 12 for the prior quarter was less than 52.500 but line 12 on this return is 5100,000 or more, you mest provide a record of your fedenal lax labily, if rou are a monthy khrdule depositor. complele the deposa schedule belowi it you are a semweeky schedue depositor, attach Schedule B (Form 941) Go to Part 3 25 Amounts under certain collectively bargained agreements allocable to qualfied sick leave wages reported oo line 23 26 Qaalifed tamily leave wages for leare taken after March 31, 202t, and before October 1, 2021 27 Qualified heath plan expenses allocable to qualfied family leave wages reported on line 20. 25 Amounts under certain collectively burgained agreements allocable to qualfied family leavo wages reperted on line 28 Part 4 May we speak with your third.party designee? Do you want to allow an ensployee, a paid tak preparer, or another person to discuss this relurm with the If5? See the instructions for detaits. Yes. Dergneekname and phone number Part 5: Sign here. You MUST complete both pages of Form 941 and SIGN it. Print your name tere. Pret your life here Paid Pieparer Use Only Pieper or name Check roou ais set enplored Preeurers signature pren Finms nane (se yours if seit empieyed) Dale inenddinnis) Addirst EiR Caty Page? THE FORM IS A SIMULATION OF AN OFHICUL U.S. TAX FOGM IT IS NOT THE OF FICIL. FORM II SELR. DO NOT USE THIS FOGM FOR. Required information Appendix A Continuing Payroll Project: Wayland Custom Woodworking (1 Month, Part 2) (Static) [The following information applies to the questions displayed below] Wayland Custom Woodworking is a firm that manufactures custom cabinets and woodwork for business and residential customers. Students will have the opportunity to establish payroll records and to complete a month of payroll information for Wayland. Wayland Custom Woodworking is located at 12850 Oid Highway 50, Glenbrook, Nevada, 89413 , phone number 775-555-9877. The owner is Mark Wayland. Wayland's EIN is 91-7444533 and the Nevada Employer Account Number is E6462582020-6. Wayland has determined it will pay its employees on a semimonthly basis. Federal income tax should be computed using the percentoge method for manual payrolls with Forms W-4 from 2020 or later. For Part 2 of this project, you will complete payroll for the last month (December) of the fourth quarter (Q4) of 2022, 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 01/14/2023 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 - US. Form 940 - Nevada NUCS 4072 - Nevada New Hire Report - Form W-2s for all 6 employees - Form W.3 for WCW Elective deferrals including defertais 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 15 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. Specific instructions on how to complete each form can be found within the individual forms themselves. The ernployee information for Wayland has been presented again below, for convenience. Total deposits made for the quarter is $12.617/2 Monthly tax lability FUTA tax deposited for the year including any overpayment applied from a prior year is $25200 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 alf applicable tax forms. Total deposits made for the quarter is $12.61772. Monthly tax liability FUTA tax deposited for the year, including any overpayment applied from a prior year is $25200 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 forms. For additional instructions on how to navgate and work through through Part 2 of this project, please download the student proiect guide here: Form 941 (Static) Required: 1. Complete Form 941 for the rematiance of quarterly federal taxes. Complete this question by entering your answers in the tabs below. Complote Page 1 of form 941 . Hote: Round your intermediate computations and final arywers to 2 decimal places. Input all values as positve hamberi. Form 941 for 2022 : Employer's QUARTERLY Federal Tax Return Departient ef toe Tieasur - intenal Rovenue Sevice Report for this Quarter 2022 (Check one.) e (not your trade name) le name (if any) Apri, May, June Jul. August September October November, Decenber Go fo www in goveromat for instructions and the latest information S the separale instructioes before you complele f om 941 . Tipe or pont wathin be bores Part 1? Answer these questions for this quarter. Number of employees who received wages, bips, or othet cempensabon for the pay period incluaing March 1? (Ouarter 1) Noges, tips, and other compensation federal income tax withheld trom wages, tip1, and other compensation If no wages, tos, and other compensation are sutiect to social secur ay or Mrificale tar Check and po to line 6 . Iaxable nocial secanty wages (4) Oualified aick leare wages (ii) Qualifed femily lesre wages Tasable sceial security tips. Tasable Medicare wages s tipe Taxable wages s tips subject to Additional Mevicare fax withholding Total social aecurity and Medicare taxes Ada Colurea 2 trom lines 5a,5b, sc, and 5d Section 3124(q) Notice and Demand - Tax dae on uneported tipt Total tares before adjustrents. Curnest quarter's adiustinent for fractions of cents Current quarter's adjuatment for aick pay Current quarfer's adjustmients for tips and group tent bile insuiance. Total Eaxes after adjuatinents. Combene ints 6 throoph 9 : a Qualified small businets payoll tak credit for increasiog research activities. Attsch form S\$24 b Ncenefandable portion of credit for qualified sick and family leave wages for leave taken before Apil 1, 2024 eReserved for tuture use: d Monrefundable portioe of credt for cialihed nick and family keave wages for leave taken ahicr March 31, 2021, and before Dcioter 1, 2025 e Nonrefundable portion ef CoerA premium assiatance credt (see instruefosas for applicable quarters) [Celamn? Sa Taxable social secunty weges 5a (i) Gualified sick leave wages HInclude taxable qualked sick and family leave wages pald in 2022 for loave takee Is (i) Qualified family leave wages ahee March 31, 2021, and belore Oclober 55 Taxable sccial security tips Se tarable Medicare wages a bipt Sd. Taxatle wages x tips subject to Additional Medicare Tax withholting 1.202i, an lae 5a. Use lines 5a(J) and 5 alij) only for taxable qualifed sick and 0) tamiy leave wages pald in 2022 lor leavo taken after March 31,2020 , and berfore April 1,2021 Se Teeal nocial security and Medicare taxes Add Column 2 hom lines 5 a, 5b, 5c, and 5d St Sectica 3124(q) Notice and Demand - Tax doe en unreported tips i. Total taxes before adfustments. 7 Cunent quarters adjustiment for hactions of cents 8 Current quarter's affustrnent for sick pay 9 Cunent quarter's sifintments fot tep and group-term lafe intur ance 10 Total tanes afier adiustiments. Cembive anes 6 trieuph 9 11. Qualded small bus iness poyrodi tax credit for increasing lesearch actr ties. Attach ferm 1344 116 Nonrefundable porticn of credit fer quaified sick and family leave wages for leave taken before Apet 1,202t H1c Meserved for future use 1fd Mancefundable portion of creat for qualfed sickand famby leave waget for le ave taken afier Mareh 34, 2024, ahal before Oetoker t, asat the Monechundatle portion of CoDRA premam asaistance creilit (se instructices for applicable cararter*) 11t Number of indmiduals provised cobaA peemam assistance 11d Total noevefundable credits. Add lines 14a, 11b. 11e. 1 Id, and 1fe 12 Total takes afier aqjustments and nonefundable credits. Subvact bne 4 so from line 10 944x(sp) fied in the current enarter 13b Meserved for Frtare use 13c Aefundathe portion ef credit for eyaifed aick and fanily leave waget for irive taken betore Apra ti, 20dt I3d Refundable porbon of amplopee ielention ciedit 13e Mefundable portice of erecht for ealified aick anet famiy lewe mages for leave takea afler March 31,2024 and before October 1, 2521. 13a Totat deposits and rhandable eridits. Ada ines 134,13cn 13d. 13e, and 13 I3h Total advances received from tang form(w) 7209 for the quarier I31 Total deposess and returdabie eredits less adeances. Subbract line 13h frem ine 13g 14 falance duet. 15 Overpayment If ine I3 a more Ban ine 12, enier tie efference You Must compiete hoth pages ef form 8tf and son it. For Privacy Arl and Paperwork Reduction Act Notice. see the Back of the Paymemt Woucher. you are unsure about whether you are a monthly schedule depositor or a semiweckly schedule ofpositor, see section 11 of Pub. 15 . 6. Check one! Line 12 on this ieturn is less than $2,500 or line 12 on the refarn for the prior quarter was less than $2,500, and you didet iacur a $100,600 next day deposit obligabon duning the current quarier. I Ine 12 for the prior quarter was less than 52.500 but line 12 on this return is 5100,000 or more, you mest provide a record of your fedenal lax labily, if rou are a monthy khrdule depositor. complele the deposa schedule belowi it you are a semweeky schedue depositor, attach Schedule B (Form 941) Go to Part 3 25 Amounts under certain collectively bargained agreements allocable to qualfied sick leave wages reported oo line 23 26 Qaalifed tamily leave wages for leare taken after March 31, 202t, and before October 1, 2021 27 Qualified heath plan expenses allocable to qualfied family leave wages reported on line 20. 25 Amounts under certain collectively burgained agreements allocable to qualfied family leavo wages reperted on line 28 Part 4 May we speak with your third.party designee? Do you want to allow an ensployee, a paid tak preparer, or another person to discuss this relurm with the If5? See the instructions for detaits. Yes. Dergneekname and phone number Part 5: Sign here. You MUST complete both pages of Form 941 and SIGN it. Print your name tere. Pret your life here Paid Pieparer Use Only Pieper or name Check roou ais set enplored Preeurers signature pren Finms nane (se yours if seit empieyed) Dale inenddinnis) Addirst EiR Caty Page? THE FORM IS A SIMULATION OF AN OFHICUL U.S. TAX FOGM IT IS NOT THE OF FICIL. FORM II SELR. DO NOT USE THIS FOGM FOR