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 1716 Nichol Street, Logan, Utah, 84321, phone number 435-555- 9877. The owner is Mark Wayland. Wayland's EIN is 91-7444533, and the Utah Employer Account Number is 999-9290-1. Wayland has determined it will pay their 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 2018, which consists of the final two 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 The SUTA (UI) rate for Wayland Custom Woodworking is 2.6 percent on the first $34,300. The state withholding rate is 4.95 percent for all income levels and marital statuses. 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 Utah Form TC-941 Monthly tax liability: October November December $5,569.10 5,473.48 0.00 FUTA tax deposited for the year, including any overpayment applied from a prior year is $247.45. If you have submitted Part 1 already, it is recommended that you access your submission while attempting Part 2, as y will need the information from Part 1 in order to complete all applicable tax forms. For additional instructions on how to navigate and work through through Part 2 of this project, please download the student project guide here. Required: 2. Complete Form 940 for Wayland Custom Woodworking. Complete this question by entering your answers in the tabs below. Job title: President/Owner SSN: 505-33-1775 1 - 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: 10/1/2018 SSN: 047-55-9951 1- 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: 10/1/2018 SSN: 022-66-1131 2-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: 10/1/2018 SSN: 311-22-6698 -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: 10/1/2018 SSN: 555-55-5555 otal deposits made for the quarter is $11,042.58. U.S. Form 941 U.S. Form 940 Utah Form TC-941 Utah Form 33H Form W-2s for all 6 employees Form W-3 for WCW 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 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: 10/1/2018 SSN: 511-22-3333 00-Wayla Mark Wayland 1570 Lovett Street Logan, UT 84321 435-555-1110 Married, 5 withholding allowances Exempt $75,000/year Start Date: 10/1/2018 Complete this question by entering your answers in the tabs below. 940 PG 1 940 PG 2 Complete Page 1 of Form 940. (Round your intermediate computations and final answers to 2 decimal places.) Form 940 for 2018: Employer identification number (EIN) Name (not your trade name) Trade name (if any) Address Number Employer's Annual Federal Unemployment (FUTA) Tax Return 850113 Department of the Treasury - Internal Revenue Service OMB No. 1545-0028 Type of Return (Check all that apply.) Amended Successor employer No payments to employees in 2018 Street Suite or room number Final: Business closed or stopped paying wages State (NN) ZIP code Instructions and prior-year forms are available at www.irs.gov/form940. Foreign country name Foreign Province/county Foreign Postal code 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 1716 Nichol Street, Logan, Utah, 84321, phone number 435-555- 9877. The owner is Mark Wayland. Wayland's EIN is 91-7444533, and the Utah Employer Account Number is 999-9290-1. Wayland has determined it will pay their 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 2018, which consists of the final two 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 The SUTA (UI) rate for Wayland Custom Woodworking is 2.6 percent on the first $34,300. The state withholding rate is 4.95 percent for all income levels and marital statuses. 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 Utah Form TC-941 Monthly tax liability: October November December $5,569.10 5,473.48 0.00 FUTA tax deposited for the year, including any overpayment applied from a prior year is $247.45. If you have submitted Part 1 already, it is recommended that you access your submission while attempting Part 2, as y will need the information from Part 1 in order to complete all applicable tax forms. For additional instructions on how to navigate and work through through Part 2 of this project, please download the student project guide here. Required: 2. Complete Form 940 for Wayland Custom Woodworking. Complete this question by entering your answers in the tabs below. Job title: President/Owner SSN: 505-33-1775 1 - 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: 10/1/2018 SSN: 047-55-9951 1- 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: 10/1/2018 SSN: 022-66-1131 2-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: 10/1/2018 SSN: 311-22-6698 -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: 10/1/2018 SSN: 555-55-5555 otal deposits made for the quarter is $11,042.58. U.S. Form 941 U.S. Form 940 Utah Form TC-941 Utah Form 33H Form W-2s for all 6 employees Form W-3 for WCW 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 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: 10/1/2018 SSN: 511-22-3333 00-Wayla Mark Wayland 1570 Lovett Street Logan, UT 84321 435-555-1110 Married, 5 withholding allowances Exempt $75,000/year Start Date: 10/1/2018 Complete this question by entering your answers in the tabs below. 940 PG 1 940 PG 2 Complete Page 1 of Form 940. (Round your intermediate computations and final answers to 2 decimal places.) Form 940 for 2018: Employer identification number (EIN) Name (not your trade name) Trade name (if any) Address Number Employer's Annual Federal Unemployment (FUTA) Tax Return 850113 Department of the Treasury - Internal Revenue Service OMB No. 1545-0028 Type of Return (Check all that apply.) Amended Successor employer No payments to employees in 2018 Street Suite or room number Final: Business closed or stopped paying wages State (NN) ZIP code Instructions and prior-year forms are available at www.irs.gov/form940. Foreign country name Foreign Province/county Foreign Postal code