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 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 thepercentagemethod.

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 forWayland Custom Woodworking:

• 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 Waylandhas been presented again below, for convenience.

Employee Number

Name and Address

Payroll information

00-Chins

Anthony Chinson

Married, 1 Withholding allowance

530 Sylvann Avenue

Exempt

Logan, UT 84321

$24,000/year + commission

435-555-1212

Start Date: 10/1/2018

Job title: Account Executive

SSN: 511-22-3333

00-Wayla

Mark Wayland

Married, 5 withholding allowances

1570 Lovett Street

Exempt

Logan, UT 84321

$75,000/year

435-555-1110

Start Date: 10/1/2018

Job title: President/Owner

SSN: 505-33-1775

01-Peppi

Sylvia Peppinico

Married, 7 withholding allowances

291 Antioch Road

Exempt

Logan, UT 84321

$43,500/year

435-555-2244

Start Date: 10/1/2018

Job title: Craftsman

SSN: 047-55-9951

01-Varde

Stevon Varden

Married, 2 withholding allowances

333 Justin Drive

Nonexempt

Logan, UT 84321

$42,000/year

435-555-9981

Start Date: 10/1/2018

Job title: Craftsman

SSN: 022-66-1131

02-Hisso

Leonard Hissop

Single, 4 withholding allowances

531 5th Street

Nonexempt

Logan, UT 84321

$49,500/year

435-555-5858

Start Date: 10/1/2018

Job title: Purchasing/Shipping

SSN: 311-22-6698

00-Succe

Student Success

Single, 1 withholding allowance

1650 South Street

Nonexempt

Logan, UT 84321

$36,000/year

435-556-1211

Start Date: 10/1/2018

Job title: Accounting Clerk

SSN: 555-55-5555

Total deposits made for the quarter is $11,042.58.

Monthly tax liability:

October

$

5,569.10

November

5,473.48

December

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 you will need the information from Part 1 in order to complete all applicable tax forms.

For additional instructions on how to navigate and work throughthrough Part 2 of this project, pleasedownload the student project guidehere.

Required:

4.Complete the employee W-2s and Wayland Custom Woodworking W-3 for 2018.

Complete this question by entering your answers in the table below.

Chinson