Required Information [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 Old 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 percentage method. For Part 2 of this project, you will complete payroll for the last month (December) of the fourth quarter (Q4) of 2021, 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 01/14/2022. 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 . U.S. Form 940 .Nevada NUCS 4072 Nevada New Hire Report Form W-2s for all 6 employees Form W-3 for WCW Elective deferrals including deferrals 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 1.5 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. Employee Number 00-Chins Name and Address ee-Wayla Anthony Chinson 530 Chimney Rock Road Stateline, NV 89449 775-555-1212 Job title: Account Executive Mark Wayland 1650 Power House Drive Glenbrook, NV 89413 775-555-1110 Job title: President/Owner Sylvia Peppinico 01-Peppi 1575 Flowers Avenue 775-555-2244 01-Coope 02-Hisso 00-Succe Glenbrook, NV 89413 Job title: Craftsman Stevon Cooper 2215 Lands End Drive Glenbrook, NV 89413 775-555-9981 Job title: Craftsman Leonard Hissop 333 Engine House Circle Glenbrook, NV 89413 775-555-5858 Job title: Purchasing/Shipping Student Success 16 Kelly Circle #2 Glenbrook, NV 89413 775-556-1211 Job title: Accounting Clerk Total deposits made for the quarter is $12,705.46. Payroll information Married/Joint; 2 < 17 Exempt $48,000/year + commission Start Date: 10/1/2021 SSN: 511-22-3333 Married/Joint; 3 < 17, 1 Other Exempt $85,000/year Start Date: 10/1/2021 SSN: 585-33-1775 Married/Joint 1 < 17, 1 Other Exempt $58,500/year Start Date: 10/1/2021 SSN: 047-55-9951 Single; None Nonexempt $62,000/year Start Date: 10/1/2021 SSN: 022-66-1131 Single; 1 Other Nonexempt $51,500/year Start Date: 10/1/2021 SSN: 311-22-6698 Single; None Nonexempt $42,000/year Start Date: 10/1/2021 SSN: 555-55-5555 Monthly tax liability. October November December $6,219.11 6,486.35 3,194.84 FUTA tax deposited for the year, including any overpayment applied from a prior year is $252.00.