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 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 Employee Number 00-Chins 00-Wayla Name and Address Anthony Chinson 530 Chimney Rock Road Stateline, NV 89449 775-555-1212 Job titles Account Executive Mark Mayland 1650 Power House Drive Glenbrook, NV 89413 775-555-1110 Job titles President/Owner Payroll information Married/Juint; 217 Exempt $48,000/year commission Start Date: 10/1/2021 55 511-22-3333 Married/Joint; 3 (17, 1 other Exempt Start Date: 10/1/2021 SSN: 505-33-1775