The SUTA (UI) rate for Wayland Custom Woodworking is 2.6 percent on the first $35,300. The state withholding rate is 4.95 percent for all income levels, deductions, and marital statuses, a table has been included to assist with calculations of state tax due for employees. Rounding can create a challenge. For this project, the hourly rate for the individuals should be rounded to five decimal places. So take their salary and divide by 2.080 (52 weeks at 40 hours per week) for full-time, nonexempt employees. Example: Annual Salary to Hourly Rate, Nonexempt Employee Employee Varden's annual salary is $42,000, and he is a nonexempt employee. Hourly rate = $42,000/(52 x 40) = $42,000/2,080 Hourly rate = $20.19231 per hour Example: Period Gross Pay, Salaried Employee Employee Chinson earns an annual salary of $24,000 and is paid semimonthly. Period gross pay = $24,000 /24 = $1,000 gross pay For pay periods with holiday hours: determine the amount paid per day, multiply by the number of days applicable to each pay. Annual salary: $24.000/(52 x 5) = $24,000 / 260 = $92.30769 (rounded to 5 decimal points) per day. After the gross pay has been calculated, round the result to only two decimal points prior to calculating taxes or other withholdings. Federal Withholding Allowance (less 401(k), Section 125) Federal Unemployment Rate (employer only) (less Section 125) Semimonthly Federal Percentage Method Tax Table State Unemployment Rate (employer only) (less Section 125) State Withholding Rate (less 401(k), Section 125) $175.00 per allowance claimed 0.6% on the first $7,000 of wages Appendix Table #3 2.6% on the first $35,300 of wages See Utah Schedule 3, Table A-1 or use the Excel Version of Schedule 3 October 1: Wayland Custom Woodworking (WCW) pays its employees according to their job classification. The following employees comprise Wayland's staff: Employee Number 00-Chins Name and Address Anthony Chinson 530 Sylvann Avenue Logan, UT 84321 435-555-1212 Job title: Account Executive Payroll information Married, 1 Withholding allowance Exempt $24,000/year + commission Start Date: 10/1/2019 SSN: 511-22-3333 00-Wayla Mark Wayland 1570 Lovett Street Logan, UT 84321 435-555-1110 Job title: President/Owner Married, 5 withholding allowances Exempt $75,000/year Start Date: 10/1/2019 SSN: 505-33-1775 01-Peppi Sylvia Peppinico 291 Antioch Road Logan, UT 84321 435-555-2244 Job title: Craftsman Married, 7 withholding allowances Exempt $43,500/year Start Date: 10/1/2019 SSN: 047-55-9951 01-Varde Stevon Varden 333 Justin Drive Logan, UT 84321 435-555-9981 Job title: Craftsman Married, 2 withholding allowances Nonexempt $42,000/year Start Date: 10/1/2019 SSN: 022-66-1131 02-Hisso Leonard Hissop 531 5th Street Logan, UT 84321 435-555-5858 Job title: Purchasing/Shipping Single, 4 withholding allowances Nonexempt $49,500/year Start Date: 10/1/2019 SSN: 311-22-6698 00-Succe Student Success 1650 South Street Logan, UT 84321 435-556-1211 Job title: Accounting Clerk Single, 1 withholding allowance Nonexempt $36,000/year Start Date: 10/1/2019 SSN: 555-55-5555 IGLESED TOOTED Name Chinson Wayland Peppinico Deduction Insurance: $50/paycheck 401(k): 3% of gross pay Insurance: $75/paycheck 401(k): 6% of gross pay Insurance: $75/paycheck 401(k): $50 per paycheck Insurance: $50/paycheck 401(k): 4% of gross pay Insurance: $75/paycheck 401(k): 3% of gross pay Insurance: $50/paycheck 401(k): 3% of gross pay Varden Hissop Student Last Name ame Commission $ 1,680.00 Chinson Wayland Peppinico Varden Hissop Success Hourly Rate (Rounded Rounded Pay Period Hours 12/01-12/15 Pay Perio to 5 Decimals) 11.53846 80 hours (exempt) 36.05769 80 hours (exempt) 20.91346 80 hours (exempt) 20.19231 84 hours 23.79808 80 hours 17.30769 83 hours Regular Overtime Holiday $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 1,615.38 $ 121.15 $ 0.00 1,903.85 $ 0.00 $ 0.00 1,384.62 $ 77.88 $ 0.00 $ $ $ Run Date Payroll End Date 12/15/2019 12/15/2019 Company Name: Wayland Custom Woodworking Check Date 12/19/2019 Name Hourly Rate No of Regular Hours No of Overtime Hours Commissions M/S M No of Holiday Hours Gross Earnings # of WIH 1 401(k) Insurance Taxable Wages for F ICA $ 0.00 $ 0.00 Anthony Chinson Mark Wayland Sylvia Peppinico Stevon Varden Leonard Hissop Student F Success 11.53846 36.05769 20.91346 20.19231 23.79808 17.30769 Taxable Wages for Federal W/ H 0.00 0.00 0.00 0.00 0.00 0.00 $ 0.00 0.00 0.00 000 S Totals 0.00 $ 0.00 $ 0.00 $ 0.00 Name Gross Earning Federal W/H Social Security Tax Medicare W/H State W/H Tax Net Pay Anthony Chinson Mark Wayland Sylvia Peppinico Stevon Varden Leonard Hissop Student F Success Taxable Wages for Federal W/H 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Taxable Wages vages for FICA $ 0.00 0.00 0.00 0.00 0.00 0.00 $ 0.00 C heck No. 174580 174581 174582 174583 174584 174585 Totals $ 0.00 0.00 $ 0.00 $ 0.00 $ 0.00 The SUTA (UI) rate for Wayland Custom Woodworking is 2.6 percent on the first $35,300. The state withholding rate is 4.95 percent for all income levels, deductions, and marital statuses, a table has been included to assist with calculations of state tax due for employees. Rounding can create a challenge. For this project, the hourly rate for the individuals should be rounded to five decimal places. So take their salary and divide by 2.080 (52 weeks at 40 hours per week) for full-time, nonexempt employees. Example: Annual Salary to Hourly Rate, Nonexempt Employee Employee Varden's annual salary is $42,000, and he is a nonexempt employee. Hourly rate = $42,000/(52 x 40) = $42,000/2,080 Hourly rate = $20.19231 per hour Example: Period Gross Pay, Salaried Employee Employee Chinson earns an annual salary of $24,000 and is paid semimonthly. Period gross pay = $24,000 /24 = $1,000 gross pay For pay periods with holiday hours: determine the amount paid per day, multiply by the number of days applicable to each pay. Annual salary: $24.000/(52 x 5) = $24,000 / 260 = $92.30769 (rounded to 5 decimal points) per day. After the gross pay has been calculated, round the result to only two decimal points prior to calculating taxes or other withholdings. Federal Withholding Allowance (less 401(k), Section 125) Federal Unemployment Rate (employer only) (less Section 125) Semimonthly Federal Percentage Method Tax Table State Unemployment Rate (employer only) (less Section 125) State Withholding Rate (less 401(k), Section 125) $175.00 per allowance claimed 0.6% on the first $7,000 of wages Appendix Table #3 2.6% on the first $35,300 of wages See Utah Schedule 3, Table A-1 or use the Excel Version of Schedule 3 October 1: Wayland Custom Woodworking (WCW) pays its employees according to their job classification. The following employees comprise Wayland's staff: Employee Number 00-Chins Name and Address Anthony Chinson 530 Sylvann Avenue Logan, UT 84321 435-555-1212 Job title: Account Executive Payroll information Married, 1 Withholding allowance Exempt $24,000/year + commission Start Date: 10/1/2019 SSN: 511-22-3333 00-Wayla Mark Wayland 1570 Lovett Street Logan, UT 84321 435-555-1110 Job title: President/Owner Married, 5 withholding allowances Exempt $75,000/year Start Date: 10/1/2019 SSN: 505-33-1775 01-Peppi Sylvia Peppinico 291 Antioch Road Logan, UT 84321 435-555-2244 Job title: Craftsman Married, 7 withholding allowances Exempt $43,500/year Start Date: 10/1/2019 SSN: 047-55-9951 01-Varde Stevon Varden 333 Justin Drive Logan, UT 84321 435-555-9981 Job title: Craftsman Married, 2 withholding allowances Nonexempt $42,000/year Start Date: 10/1/2019 SSN: 022-66-1131 02-Hisso Leonard Hissop 531 5th Street Logan, UT 84321 435-555-5858 Job title: Purchasing/Shipping Single, 4 withholding allowances Nonexempt $49,500/year Start Date: 10/1/2019 SSN: 311-22-6698 00-Succe Student Success 1650 South Street Logan, UT 84321 435-556-1211 Job title: Accounting Clerk Single, 1 withholding allowance Nonexempt $36,000/year Start Date: 10/1/2019 SSN: 555-55-5555 IGLESED TOOTED Name Chinson Wayland Peppinico Deduction Insurance: $50/paycheck 401(k): 3% of gross pay Insurance: $75/paycheck 401(k): 6% of gross pay Insurance: $75/paycheck 401(k): $50 per paycheck Insurance: $50/paycheck 401(k): 4% of gross pay Insurance: $75/paycheck 401(k): 3% of gross pay Insurance: $50/paycheck 401(k): 3% of gross pay Varden Hissop Student Last Name ame Commission $ 1,680.00 Chinson Wayland Peppinico Varden Hissop Success Hourly Rate (Rounded Rounded Pay Period Hours 12/01-12/15 Pay Perio to 5 Decimals) 11.53846 80 hours (exempt) 36.05769 80 hours (exempt) 20.91346 80 hours (exempt) 20.19231 84 hours 23.79808 80 hours 17.30769 83 hours Regular Overtime Holiday $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 1,615.38 $ 121.15 $ 0.00 1,903.85 $ 0.00 $ 0.00 1,384.62 $ 77.88 $ 0.00 $ $ $ Run Date Payroll End Date 12/15/2019 12/15/2019 Company Name: Wayland Custom Woodworking Check Date 12/19/2019 Name Hourly Rate No of Regular Hours No of Overtime Hours Commissions M/S M No of Holiday Hours Gross Earnings # of WIH 1 401(k) Insurance Taxable Wages for F ICA $ 0.00 $ 0.00 Anthony Chinson Mark Wayland Sylvia Peppinico Stevon Varden Leonard Hissop Student F Success 11.53846 36.05769 20.91346 20.19231 23.79808 17.30769 Taxable Wages for Federal W/ H 0.00 0.00 0.00 0.00 0.00 0.00 $ 0.00 0.00 0.00 000 S Totals 0.00 $ 0.00 $ 0.00 $ 0.00 Name Gross Earning Federal W/H Social Security Tax Medicare W/H State W/H Tax Net Pay Anthony Chinson Mark Wayland Sylvia Peppinico Stevon Varden Leonard Hissop Student F Success Taxable Wages for Federal W/H 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Taxable Wages vages for FICA $ 0.00 0.00 0.00 0.00 0.00 0.00 $ 0.00 C heck No. 174580 174581 174582 174583 174584 174585 Totals $ 0.00 0.00 $ 0.00 $ 0.00 $ 0.00