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. Waylands EIN is 91-7444533, and the Utah Employer Account Number is 99992901685WTH. Wayland has determined it will pay its employees on a semimonthly basis. Federal income tax should be computed using the percentage method.

For Part 1 of this project, you will complete payroll for the last month (December) of the fourth quarter (Q4) of 2019, which consists of the final pay periods of the year. Once payroll has been completed for the fourth quarter, you will 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 $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. No employee will reach the SUTA wage cap.

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 Vardens annual salary is $42,000, and he is a nonexempt employee.

Hourly rate = $42,000 / (52 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 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. Employees are paid for the following holidays occurring during the final quarter:

• Thanksgiving day and the day after, Thursday and Friday, November 2829.
• Christmas, which is a Wednesday. Employees receive holiday pay for Tuesday, December 24, and Wednesday, December 25.

For the completion of this project, refer to the tax-related information in the table below. For federal withholding calculations, use the percentage method tables in Appendix C, which is provided below. For Utah state withholding calculations, use the Utah Schedule 3 tax tables linked below (ensure to use the appropriate Utah table based on each employee's marital status). Both 401(k) and insurance are pre-tax for federal income tax and Utah income tax. Round calculations to get to final tax amounts and 401(k) contributions after calculating gross pay.

The departments are as follows:

Department 00: Sales and Administration

Department 01: Factory workers

Department 02: Delivery and Customer service

You have been hired as of October 1 as the new accounting clerk. Your employee number is 00-SUCCE. Your name is Student Success. Your address is 1650 South Street, Logan, UT 84321. Your phone number is 435-556-1211, you were born July 16, 1985, your Utah driver's license number is 887743 expiring in 07/16/2024, and your Social Security number is 555-55-5555. You are considered a nonexempt employee, have one withholding allowance, and paid a rate of $36,000 per year.

The balance sheet for WCW as of November 30, 2019, is as follows:

Pay Periods 12/15 and 12/31 (2 periods) (Static)

Required:

2. Complete the payroll process for Wayland Custom Woodworking's last two pay periods of the fourth quarter. Please note that you must carry the ending balance from each account in the December 15 General Ledger to the following period's General Ledger to the input boxes titled "Ending account balance from the prior period" before posting the payroll journal entries from the current period to the Ledger.

December 15

December 15 is the end of the first pay period for the month of December. Employee pay will be disbursed on December 19, 2019. Remember that the employees are paid on a semimonthly basis.

Compute the net pay and update the Employees' Earnings Records with the December 15 pay and the new YTD information. Any hours worked in excess of 80 hours during this pay period are considered overtime for nonexempt employees.

• Complete the Employee Gross Pay tab.
• Complete the Payroll Register for December 15 Pay. Employee pay will be disbursed on December 19, 2019.
• Refer to the Employee Earning Record Forms for each employee for the current YTD amounts after you have completed the December 15 Payroll Register and update each EERF with the amounts from the current period. YTD amounts from the previous four pay periods of the fourth quarter are shown for each employee.
• Complete the General Journal entries for the December 15 payroll.
• Post the journal entries to the General Ledger. Amounts for the ledger accounts from the previous four pay periods of the fourth quarter are shown.

December 31

The final pay period of the year will not be paid to employees until January 3, 2020. The company will accrue the wages for the final pay period only. Because the pay period is complete, there will not be a reversing entry for the accrual. As a result, paychecks will not be issued for this pay period since they will be paid in the following year and reflected on the Employee Earning Record forms for each employee when paid. The remainder of the employer liability will be paid with the final filing for the year.

The company pays for Christmas Eve and the day of Christmas for 2019. Employees will be paid for both Tuesday and Wednesday as holiday pay. Standard time for the pay period was 96 hours, but employees worked extra hours on Saturday during the week of 12/2312/27. Reminder, holidays and vacations are not included as hours worked for calculation of overtime.

• Complete the Employee Gross Pay tab.
• Complete the Payroll Register for December 31.
• Complete the General Journal entries for the December 31 payroll.
• Update the General Ledger with the ending ledger balances from the December 15 pay period ledger accounts first, and then post the journal entries from the current period to the General Ledger.

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 C 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 Name and Address 00-Chins 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 Assets Cash Supplies Office Equipment Inventory Vehicle Accumulated Depreciation, Vehicle Building Accumulated Depreciation, Building Land Total Assets Wayland Custom Woodworking Balance Sheet November 30, 2019 Liabilities & Equity $1,085,278.38 Accounts Payable 42,240.11 Salaries and Wages Payable 87,250.00 Federal Unemployment Tax Payable 167,099.00 Social Security Tax Payable 25,000.00 Medicare Tax Payable State Unemployment Tax Payable 164,000.00 Employee Federal Income Tax Payable Employee State Income Tax Payable 35,750.00 401(k) Contributions Payable 1,606, 617.49 Employee Medical Premiums Payable Notes Payable Utilities Payable Total Liabilities Owners' Equity Retained Earnings Total Equity Total Liabilities and Equity $ 112,747.25 10,158.53 88.72 3,158.42 738.66 662.24 1,427.61 1,133.72 1,002.34 750.00 224,750.00 356,617.49 1,250,000.00 1,250,000.00 1,606,617.49 Voluntary deductions for each employee are as follows: 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 Sunday 1 8 Monday 2 9 16 23 30 Tuesday 3 10 17 24 31 December Wednesday 4 11 18 25 Thursday 5 12 19 26 Friday 6 13 20 27 Saturday 7 14 21 28 15 22 29 Complete the question by filling in all answers in the tabs below. Employee Gross pay Payroll Register Chinson EERE Wayland EERF Peppinico EERF Varden EERF Hissop EERF Success EERF General Journal General Ledger Compute the gross earnings for regular, overtime, and holiday pay for each employee for the December 15 pay period. Remember that while an hourly rate is shown for all employees, the period pay for exempt employees should be calculated by taking their yearly salary and dividing it by the number of semimonthly pay periods in a year, which should then be split between the number of hours considered regular time and holiday time. (Round answers for hourly rate to 5 decimal places and all other answers to 2 decimals.) Show less Last Name Hourly Rate (Rounded to 5 Decimals) Pay Period Hours 12/01-12/15 Regular Overtime Holiday Commission $ 1,680.00 Chinson Wayland Peppinico Varden 80 hours (exempt) 80 hours (exempt) 80 hours (exempt) 84 hours Hissop 80 hours Success 83 hours Employee Gross pay Payroll Register Chinson EERF Wayland EERF Peppinico EERF Varden EERF Hissop EERF Success EERF General Journal General Ledger Complete the payroll register for the December 15 pay period. (Round your intermediate computations and final answers to 2 decimal places.) Run Date Payroll End Date 12/15/2019 12/15/2019 Company Name: Wayland Custom Woodworking Check Date 12/19/2019 Name M/S # of W/H Hourly Rate No of Regular Hours No of Overtime Hours No of Holiday Hours Commissions Gross Earnings Insurance Anthony Chinson Mark Wayland Sylvia Peppinico Stevon Varden Leonard Hissop Student F Success Taxable Wages 401(k) for Federal W/H $ 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $ 0.00 Taxable Wages for FICA $ 0.00 0.00 0.00 0.00 0.00 0.00 Totals $ 0.00 $ 0.00 $ $ 0.00 Name Gross Earning Federal W/H Social Security Tax Medicare W/H State W/H Tax Net Pay Check No. Anthony Chinson Mark Wayland Sylvia Peppinico Stevon Varden Leonard Hissop Student F Success Totals Taxable Wages for Taxable Wages Federal W/H for FICA $ 0.00 $ 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $ 0.00 $ 0.00 174580 174581 174582 174583 174584 174585 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 Employee Gross pay Payroll Register Chinson EERF Wayland EERF Peppinico EERF Varden EERF Hissop EERF Success EERF General Journal General Ledger EMPLOYEE EARNINGS RECORD Name Anthony Chinson Hire Date October 01, 2019 Address City/State/Zip Telephone Social Security Number 530 Sylvann Avenue Logan, UT 84321 435-555-1212 511-22-3333 Date of Birth Exempt/Nonexempt Married/Single No. of exemptions Pay Rate (Hourly, Yearly, Yearly + Commission) Exempt Married 1 Position Account Executive $24,000/year + Commission Period Ended Hours Worked Regular Pay O.T. Pay Holiday Pay Commissions Gross Pay Insurance 401(k) $ $ $ $ 10/15/2019 10/31/2019 11/15/2019 11/30/2019 12/15/2019 88.00 96.00 88.00 80.00 1,000.00 1,000.00 1,000.00 800.00 1,500.00 1,750.00 1,050.00 2,325.00 2,500.00 $ 2,750.00 2,050.00 3,325.00 50.00 50.00 50.00 50.00 Taxable Pay Taxable Pay (Federal) (FICA) 75.00 $ 2,375.00 $ 2,450.00 82.50 2,617.50 2,700.00 61.50 1,938.50 2,000.00 99.75 3,175.25 3,275.00 0.00 200.00 0.00 Current YTD 352.00 $ 3,800.00 $ 0.00 $ 200.00 $ 6,625.00 $ 10,625.00 $ 200.00 $ 318.75 $ 10,106.25 $ 10,425.00 Medicare State Income Tax Total Deductions Net pay YTD Net Pay $ $ $ Taxable Pay for Taxable Pay for Federal Income Federal FICA Tax $ 2,375.00 $ 2,450.00 $ 188.80 2,617.50 2,700.00 217.90 1,938.50 2,000.00 136.42 3,175.25 3,275.00 284.83 0.00 0.00 Social Security Tax $ 151.90 167.40 124.00 203.05 35.53 39.15 29.00 110.72 125.87 83.43 157.17 611.95 $ 682.82 484.35 842.29 0.00 1,888.05 $ 2,067.18 1,565.65 2,482.71 1,888.05 3,955.23 5,520.88 8,003.59 YTD Gross Pay Current Taxable Current Taxable for FUTA for SUTA $ 2,500.00 $ 2,450.00 $ 2.450.00 5,250.00 2,700.00 2,700.00 7,300.00 1,850.00 2,000.00 10,625.00 3,275.00 47.49 Current YTD $ 10,106.25 $ 10,425.00 $ 827.95 $ 646.35 $ 151.17 $ 477.19 $ 2.621.41 $ 8,003.59 Employee Gross pay Payroll Register Chinson EERF Wayland EERF Peppinico EERF Varden EERF Hissop EERF Success EERF General Journal General Ledger The following is the Employee Earning Record Form for Mark Wayland for the December 15 pay period. Amounts from the first four pay periods of the fourth quarter (October 15 to November 30) are shown. Using the payroll registe amounts from the December 15 pay period for Wayland to complete his EERF. (Round your intermediate computations and final answers to 2 decimal places.) EMPLOYEE EARNINGS RECORD October 01, 2019 Name Address City/State/Zip Telephone Social Security Number Mark Wayland 1570 Lovett Street Logan, UT 84321 435-555-1110 505-33-1775 Hire Date Date of Birth Exempt/Nonexempt Married/Single No. of exemptions Pay Rate (Hourly, Yearly, Yearly + Commission) Exempt Married Position President/Owner $75,000/year Period Ended Hours Worked O.T. Pay Holiday Pay Commissions Insurance $ 10/15/2019 10/31/2019 11/15/2019 11/30/2019 12/15/2019 88.00 96.00 88.00 80.00 Regular Pay $ 3,125.00 3,125.00 3,125.00 2,556.82 Gross Pay 3,125.00 $ 3,125.00 3,125.00 3,125.00 75.00 $ 75.00 75.00 75.00 Taxable Pay Taxable Pay 401(k) (Federal) (FICA) 187.50 $ 2,862.50 $ 3,050.00 187.50 2.862.50 3,050.00 187.50 2,862.50 3,050.00 187.50 2,862.50 3,050.00 0.00 0.00 568.18 Current YTD 352.00 $ 11,931.82 $ 0.00 $ 568.18 $ 0.00 $ 12,500.00 $ 300.00 $ 750.00 $ 11,450.00 $ 12,200.00 Federal Income Tax Social Security Tax Medicare State Income Tax Total Deductions Net pay YTD Net Pay $ $ $ $ $ $ Taxable Pay for Federal $ 2,862.50 2,862.50 2,862.50 2,862.50 0.00 Taxable Pay for FICA $ 3,050.00 3,050.00 3,050.00 3,050.00 0.00 141.18 141.18 163.30 163.30 163.30 163.30 189.10 189.10 189.10 189.10 44.23 44.23 44.23 44.23 800.31 800.31 800.31 800.31 0.00 2,324.69 $ 2,324.69 2,324.69 2,324.69 2,324.69 4,649.38 6,974.07 9,298.76 YTD Gross Pay Current Taxable Current Taxable for FUTA for SUTA $ 3,125.00 $ 3,050.00 $ 3,050.00 6,250.00 3,050.00 3,050.00 9,375.00 900.00 3,050.00 12,500.00 3,050.00 141.18 141.18 Current YTD $ 11,450.00 $ 12,200.00 $ 653.20 $ 756.40 $ 176.92 $ 564.72 $ 3,201.24 $ 9,298.76 Payroll Wayland Employee Gross pay Register Chinson EERF Peppinico EERF Varden EERF Hissop EERF Success EERF General Journal EERE General Ledger The following is the Employee Earning Record Form for Sylvia Peppinico for the December 15 pay period. Amounts from the first four pay periods of the fourth quarter (October 15 to November 30) are shown. Using the payro the amounts from the December 15 pay period for Peppinico to complete her EERF. (Round your intermediate computations and final answers to 2 decimal places.) EMPLOYEE EARNINGS RECORD October 01, 2019 Name Address City/State/Zip Telephone Social Security Number Sylvia Peppinico 291 Antioch Road Logan, UT 84321 435-555-2244 047-55-9951 Hire Date Date of Birth Exempt/Nonexempt Married/Single No. of exemptions Pay Rate (Hourly, Yearly, Yearly + Commission) Exempt Married 7 Position Craftsman $43,500/year Period Ended Hours Worked Regular Pay O.T. Pay Holiday Pay Commissions Gross Pay Insurance 401(k) Taxable Pay (Federal) Taxable Pay (FICA) $ $ $ $ 10/15/2019 10/31/2019 11/15/2019 11/30/2019 12/15/2019 88.00 96.00 88.00 80.00 1,812.50 1,812.50 1,812.50 1,482.95 1,812.50 1,812.50 1,812.50 1,812.50 75.00 75.00 75.00 75.00 50.00 $ 50.00 50.00 50.00 1,687.50 $ 1,687.50 1,687.50 1,687.50 0.00 1,737.50 1,737.50 1,737.50 1,737.50 0.00 329.55 Current YTD 352.00 $ 6,920.45 $ 0.00 $ 329.55 $ 0.00 $ 7,250.00 $ 300.00 $ 200.00 $ 6,750.00 $ 6,950.00 Taxable Pay for Federal Taxable Pay for FICA Federal Income Tax Social Security Tax Medicare State Income Tax Total Deductions Net pay YTD Net Pay YTD Gross Pay $ $ $ $ 67.75 $ $ $ 1,687.50 1,687.50 1,687.50 1,687.50 0.00 1,737.50 1,737.50 1,737.50 1,737.50 0.00 107.73 $ 107.73 107.73 107.73 25.19 25.19 25.19 25.19 325.67 325.67 325.67 325.67 0.00 67.75 67.75 67.75 1,486.83 1,486.83 1,486.83 1,486.83 1,486.83 $ 2,973.66 4,460.49 5,947.32 Current Taxable for Current Taxable for SUTA FUTA $ 1,737.50 $ 1,737.50 1,737.50 1,737.50 1,737.50 1,737.50 1,737.50 1,737.50 1,812.50 3,625.00 5,437.50 7,250.00 Current YTD $ 6,750.00 $ 6,950.00 $ 0.00 $ 430.92 $ 100.76 $ 271.00 $ 1,302.68 $ 5,947.32 Employee Gross pay Payroll Register Chinson EERF Wayland EERF Peppinico EERF Varden EERF Hissop EERF Success EERF General Journal General Ledger The following is the Employee Earning Record Form for Stevon Varden for the December 15 pay period. Amounts from the first four pay periods of the fourth quarter (October 15 to November 30) are shown. Using the payroll reg amounts from the December 15 pay period for Varden to complete his EERF. (Round your intermediate computations and final answers to 2 decimal places.) EMPLOYEE EARNINGS RECORD October 01, 2019 Name Address City/State/Zip Telephone Social Security Number Stevon Varden 333 Justin Drive Logan, UT 84321 435-555-9981 022-66-1131 Hire Date Date of Birth Exempt/Nonexempt Married/Single No. of exemptions Pay Rate (Hourly, Yearly, Yearly + Commission) Nonexempt Married 2 Position Craftsman $42,000/year Period Ended Hours Worked Regular Pay O.T. Pay Holiday Pay Commissions Gross Pay Insurance 401(k) $ 10/15/2019 10/31/2019 11/15/2019 11/30/2019 12/15/2019 88.00 $ 100.00 96.00 82.00 1,776.92 1,938.46 1,776.92 1,292.31 121.15 242.31 60.58 1,776.92 $ 2,059.62 2,019.23 1,675.96 50.00 $ 50.00 50.00 50.00 71.08 82.38 80.77 67.04 Taxable Pay Taxable Pay (Federal) (FICA) $ 1,655.84 $ 1,726.92 1,927.24 2,009.62 1,888.46 1,969.23 1,558.92 1,625.96 0.00 0.00 323.08 Current YTD 366.00 $ 84.61] $ 424.04 $ 323.08 $ 0.00 $ 7,531.73 $ 200.00 $ 301.27 $ 7,030.46 $ 7,331.73 Medicare State Income Tax Total Deductions Net pay $ $ Taxable Pay for Federal $ 1,655.84 1,927.24 1,888.46 1.558.92 0.00 Taxable Pay for Federal Income Social Security Tax FICA Tax $ 1,726.92 $ 81.50 $ 107.07 2,009.62 114.07 124.60 1,969.23 109.42 122.09 1,625.96 71.69 100.81 0.00 25.04 29.14 28.55 23.58 65.77 $ 82.73 80.31 59.71 400.46 $ 482.92 471.14 372.83 0.00 YTD Net Pay YTD Gross Pay Current Taxable Current Taxable for FUTA for SUTA 1,376.46 $ 1,376.46 $ 1,776.92 $ 1,726.92 $ 1,726.92 1,576.70 2,953.16 3,836.54 2,009.61 2,009.61 1,548.09 4,501.25 5,855.77 1,969.23 1,303.13 5,804.38 7,531.73 1,294.24 1,625.96 Current YTD $ 7,030.46 $ 7,331.73 $ 376.68 $ 454.57 $ 106.31 $ 288.52 $ 1,727.35 $ 5,804.38 Employee Gross pay Payroll Register Chinson EERF Wayland EERF Peppinico EERF Success EERF General Varden EERF Hissop EERF Journal General Ledger The following is the Employee Earning Record Form for Leonard Hissop for the December 15 pay period. Amounts from the first four pay periods of the fourth quarter (October 15 to November 30) are shown. Using the pa the amounts from the December 15 pay period for Hissop to complete his EERF. (Round your intermediate computations and final answers to 2 decimal places.) EMPLOYEE EARNINGS RECORD October 01, 2019 Name Address City/State/Zip Telephone Social Security Number Leonard Hissop 531 5th Street Logan, UT 84321 435-555-5858 311-22-6698 Hire Date Date of Birth Exempt/Nonexempt Married/Single No. of exemptions Pay Rate (Hourly, Yearly, Yearly + Commission) Nonexempt Single 4 Position Purchasing/Shipping $49,500/year Period Ended Hours Worked Regular Pay O.T. Pay Holiday Pay Commissions Gross Pay Insurance 401(k) $ $ $ 10/15/2019 10/31/2019 11/15/2019 11/30/2019 12/15/2019 93.25 103.00 91.00 83.00 2,094.23 2,284.62 2,094.23 1,523.08 187.41 249.88 107.09 107.09 2,281.64 $ 2,534.50 2,201.32 2,010.94 75.00 $ 75.00 75.00 75.00 68.45 76.04 66.04 60.33 Taxable Pay Taxable Pay (Federal) (FICA) $ 2,138.19 $ 2,206.64 2,383.46 2,459.50 2,060.28 2,126.32 1,875.61 1,935.94 0.00 380.77 0.00 Current YTD 370.25 $ 7,996.16 $ 651.47 $ 380.77 $ 0.00 $ 9,028.40 $ 300.00 $ 270.86 $ 8,457.54 $ 8,728.40 Medicare State Income Tax Total Deductions Net pay YTD Net Pay Federal Income Tax 145.52 174.96 136.17 $ Social Security Tax $ 136.81 152.49 131.83 $ $ 563.62 Taxable Pay for Federal $ 2.138.19 2,383.46 2,060.28 1,875.61 0.00 $ Taxable Pay for FICA $ 2,206.64 2,459.50 2,126.32 1,935.94 0.00 $ 32.00 35.66 30.83 28.07 632.13 105.84 117.98 101.98 92.84 1,718.02 1,902.37 1,659.47 1,520.66 YTD Gross Pay Current Taxable for Current Taxable FUTA for SUTA $ 2,281.64 $ 2,206.64 $ 2,206.64 4.816.14 2,459.50 2,459.50 7,017.46 2,126.32 2, 126.32 9,028.40 207.54 1,935.94 1,718.02 3,620.39 5,279.86 6,800.52 114.01 120.03 541.85 490.28 0.00 Current YTD $ 8,457.54 $ 8,728.40 $ 570.66 541.16 $ 126.56 $ 418.64 $ 2,227.88 $ 6,800.52 Employee Gross pay Payroll Register Chinson EERF Wayland EERF Peppinico EERF Varden EERF Hissop EERF Success EERF General Journal General Ledger The following is the Employee Earning Record Form for Student F Success (You) for the December 15 pay period. Amounts from the first four pay periods of the fourth quarter (October 15 to November 30) are shown. Us completed, input the amounts from the December 15 pay period for Success to complete the EERF. (Round your intermediate computations and final answers to 2 decimal places.) EMPLOYEE EARNINGS RECORD October 01, 2019 Name Address City/State/Zip Telephone Social Security Number Student Success 1650 South Street Logan, UT 84321 435-556-1211 555-55-5555 Hire Date Date of Birth Exempt/Nonexempt Married/Single No. of exemptions Pay Rate (Hourly, Yearly, Yearly + Commission) Nonexempt Single 1 Position Accounting Clerk $36,000/year Period Ended Hours Worked O.T. Pay Holiday Pay Commissions Gross Pay Insurance 401(k) $ $ 10/15/2019 10/31/2019 11/15/2019 11/30/2019 12/15/2019 90.00 98.00 93.00 81.00 Regular Pay $ 1,523.08 $ 1,661.54 1,523.08 1, 107.69 51.92 51.92 129.81 25.96 1,575.00 $ 1,713.46 1,652.88 1.410.58 50.00 50.00 50.00 50.00 47.25 51.40 49.59 42.32 Taxable Pay (Federal) Taxable Pay (FICA) $ 1,477.75 $ 1,525.00 1,612.06 1.663.46 1,553.29 1,602.88 1,318.26 1,360.58 0.00 0.00 276.92 Current YTD 276.92 $ 0.00 $ 6,351.92 $ 200.00 $ 190.56 $ 5,961.36 $ 6,151.92 Total Deductions Net pay YTD Net Pay YTD Gross Pay $ $ $ $ Taxable Pay for Federal $ 1,477.75 1,612.06 1,553.29 1,318.26 0.00 362.00 $ 5,815.39 $ 259.61 $ Taxable Pay for Federal Income Social Security FICA Tax Tax $ 1,525.00 $ 129.27 $ 94.55 $ 1,663.46 145.39 103.13 1,602.88 138.33 99.38 1,360.58 110.13 84.36 0.00 State Income Medicare Tax 22.11 $ 73.15 24.12 79.80 23.24 76.89 19.73 63.53 416.33 453.84 437.43 370.07 0.00 1,158.67 1,259.62 1,215.45 1,040.51 1,158.67 2,418.29 3,633.74 4,674.25 1,575.00 3,288.46 4,941.34 6,351.92 Current Taxable for Current Taxable FUTA for SUTA $ 1,525.00 $ 1,525.00 1,663.46 1,663.46 1,602.88 1,602.88 1,360.58 1,360.58 Current YTD $ 5,961.36 $ 6,151.92 $ 523.12 $ 381.42 $ 89.20 $ 293.37 $ 1,677.67 $ 4,674.25 Employee Gross pay Payroll Register Chinson EERF Wayland EERF Peppinico EERF Varden EERF Hissop EERF Success EERF General Journal General Ledger Complete the General Journal entries for the December 15 payroll. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your intermediate computations and final answers to 2 decimal places.) View transaction list X 1 Record the entry for employee semimonthly payroll expenses for the period ending on December 15. period 2 Record the entry for employer semimonthly payroll taxes for the period ending on December 15. 3 Record the entry for payment of semimonthly employee wages for the period ending on December 15. Credit Note : = journal entry has been entered Record entry Clear entry View general journal POSL le lansdCLIONS Irom the current periou journal entries lo me General Leuyer. The amounts currency Snown are uie result oi posleu li ansactions to the General Ledger from the first four pay periods (October 15 to November 30). Final amounts in the "Balance" column after posting the December 15 transactions will be used in the following pay period as the ending account balance from the prior period. (Enter each transaction in the order that they were journalized. Round your intermediate computations and final answers to 2 decimal places.) Show less Cash Account No: 203 Debit Credit Date Beginning balance Oct 18 Balance 708.39 9,952.72 10,617.39 1,779.09 7,572.25 9,800.17 10,158.53 1,752.34 7.209.37 Nov 4 Nov 4 Nov 4 Nov 19 Dec 4 Dec 4 Dec 4 Account No: 101 Balance 1,125,000.00 1,115,047.28 1,104,429.89 1,102,650.80 1,095,078.55 1,085,278.38 1,075, 119.85 1,073,367.51 1,066,158.14 Employee Federal Income Tax Payable Date Debit Credit Oct 15 708.39 Oct 31 815.62 Nov 4 1,524.01 Nov 15 683.64 Nov 30 743.96 Dec 4 1,427.60 1,524.01 0.00 683.64 1,427.60 0.00 Medicare Tax Payable Debit Date Social Security Tax Payable Debit Credit 787.16 787.16 Credit 184.10 184.10 197.49 Account No: 205 Balance 184.10 368.20 565.69 763.18 844.45 Oct 15 Oct 15 Oct 31 Oct 31 Nov 4 Nov 15 844.45 Date Oct 15 Oct 15 Oct 31 Oct 31 Nov 4 Nov 15 Nov 15 Nov 30 Nov 30 Dec 4 197.49 Account No: 204 Balance 787.16 1,57432 2,418.77 3,263.22 0.00 774.13 1,548.26 2,353.34 3,158.42 0.00 3,263.22 763.18 181.04 774.13 774.13 Nov 15 Nov 30 Nov 30 Dec 4 805.08 805.08 0.00 181.04 362.08 550.37 738.66 0.00 181.04 188.29 188.29 3,158.42 738.66 Account No: 206 Balance 564.41 1,179.72 Employee State Income Tax Payable Date Debit Credit Oct 15 564.41 Oct 31 615.31 Nov 4 1,179.72 Nov 15 551.54 Nov 30 582.18 Dec 4 1,133.72 401(k) Contributions Payable Account No: 208 Date Debit Credit Balance Oct 15 499.28 499.28 Oct 31 529.82 1,029.10 Nov 4 1,029.10 0.00 Nov 15 495.40 495.40 Nov 30 506.94 1,002.34 Dec 4 1,002.34 0.00 0.00 551.54 1,133.72 0.00 Employee Medical Premiums Payable Date Debit Credit Oct 15 375.00 Oct 31 375.00 Nov 4 750.00 Nov 15 375.00 Nov 30 375.00 Dec 4 750.00 Account No: 209 Balance 375.00 750.00 0.00 375.00 750.00 0.00 Salaries and Wages Payable Date Debit Credit Oct 15 9,952.72 Oct 18 9,952.72 Oct 31 10,617.39 Nov 4 10,617.39 Nov 15 9,800.18 Nov 19 9,800.18 Nov 30 10,158.53 Dec 4 10,158.53 Account No: 210 Balance 9,952.72 0.00 10,617.39 0.00 9,800.18 0.00 10,158.53 0.00 Account No: 212 Balance 330.10 Federal Unemployment Tax Payable Date Debit Credit Oct 15 76.18 Oct 31 81.72 Nov 4 157.90 Nov 15 61.12 Nov 30 27.60 Dec 4 88.72 Account No: 211 Balance 76.18 157.90 0.00 61.12 88.72 0.00 State Unemployment Tax Payable Date Debit Credit Oct 15 330.10 Oct 31 354.12 Nov 4 684.22 Nov 15 324.63 Nov 30 337.61 Dec 4 662.24 684.22 0.00 324.63 662.24 0.00 Date Oct 15 Oct 31 Nov 15 Nov 30 Payroll Taxes Expense Debit Credit 1,377.54 1,477.78 1,340.92 1,358.58 Account No: 514 Balance 1,377.54 2,855.32 4.196.24 5,554.82 Salaries and Wages Expense Date Debit Credit Oct 15 13,071.06 Oct 31 13,955.08 Nov 15 12,860.93 Nov 30 13,359.98 Account No: 515 Balance 13,071.06 27,066.14 39,927.07 53,287.05 66,007.44 Employee Gross pay Payroll Register General Journal General Ledger Compute the gross earnings for regular, overtime, and holiday pay for each employee for the December 31 pay period. Remember that while an hourly rate is shown for all employees, the period pay for exempt employees should be calculated by taking their yearly salary and dividing it by the number of semimonthly pay periods in a year, which should then be split between the number of hours considered regular time and holiday time. The pay rates for each employee have been given from the prior period. (Round your answers to 2 decimals.) Show less Last Name Regular Overtime Holiday Commission $ 1,015.00 Chinson Wayland Peppinico Varden Hourly Rate (Rounded to 5 Decimals) Pay Period Hours 12/16-12/31 96 hours (exempt - 16 hours Holiday) 96 hours (exempt - 16 hours Holiday) 96 hours (exempt - 16 hours Holiday) 98 hours (16 Holiday) 97 hours (16 Holiday) 99 hours (16 Holiday) Hissop Success Employee Gross pay Payroll Register General Journal General Ledger Complete the payroll register for the December 31 pay period. (Round your answers to 2 decimal places.) Run Date 12/31/2019 12/31/2019 Company Name: Wayland Custom Woodworking Check Date 01/03/2020 Payroll End Date Name M/S # of WIH Hourly Rate No of No of Regular Overtime Hours Hours No of Holiday Hours Commissions Gross Earnings Insurance 401(k) M M 5 M Anthony Chinson Mark Wayland Sylvia Peppinico Stevon Varden Leonard Hissop Student Success 7 2 Taxable Taxable Wages for Wages for Federal W/H FICA $ 0.00 $ 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $ 0.00 $ 0.00 M S 4 S Totals $ 0.00 $ 0.00 $ Gross Name Federal W/H Social Security Tax Medicare W/H Earning State W/H | Net Pay Check No. Anthony Chinson Mark Wayland Sylvia Peppinico Stevon Varden Leonard Hissop Student Success Taxable Taxable Wages for Wages for Federal W/H FICA $ 0.00 $ 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $ 0.00 $ 0.00 174586 174587 174588 174589 174590 174591 Totals $ $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 Employee Gross pay Payroll Register General Journal General Ledger Complete the General Journal entries for the December 31 payroll. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your intermediate computations and final answers to 2 decimal places.) View transaction list > 1 Record the entry for employee semimonthly payroll expenses for the pay period period ending on December 31. pay 2 Record the entry for employer semimonthly payroll taxes for the pay period ending on December 31. Credit Note : = journal entry has been entered Record entry Clear entry View.generalioual Post the transactions from the current period journal entries to the General Ledger. Input the YTD amounts from the prior period where directed. Final amounts in the "Balance" column will be used in the following pay period as the prior period YTD amount. (Enter each transaction in the order that they were journalized. Round your intermediate computations and final answers to 2 decimal places.) Account No: 203 Account No: 204 Employee Federal Income Tax Payable Date Debit Credit Ending account balance from the prior period Balance Social Security Tax Payable Date Debit Credit Ending account balance from the prior period Balance Medicare Tax Payable Date Debit Credit Ending account balance from the prior period Account No: 205 Balance Employee State Income Tax Payable Date Debit Credit Ending account balance from the prior period Account No: 206 Balance Account No: 209 401(k) Contributions Payable Date Debit Credit Ending account balance from the prior period Account No: 208 Balance Employee Medical Premiums Payable Date Debit Credit Ending account balance from the prior period Balance Salaries and Wages Payable Date Debit Credit Ending account balance from the prior period Account No: 210 Balance State Unemployment Tax Payable Debit Credit Ending account balance from the prior period Account No: 212 Balance Date Salaries and Wages Expense Date Debit Credit Ending account balance from the prior period Account No: 515 Balance Payroll Taxes Expense Date Debit Credit Ending account balance from the prior period Account No: 514 Balance 0.00 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 C 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 Name and Address 00-Chins 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 Assets Cash Supplies Office Equipment Inventory Vehicle Accumulated Depreciation, Vehicle Building Accumulated Depreciation, Building Land Total Assets Wayland Custom Woodworking Balance Sheet November 30, 2019 Liabilities & Equity $1,085,278.38 Accounts Payable 42,240.11 Salaries and Wages Payable 87,250.00 Federal Unemployment Tax Payable 167,099.00 Social Security Tax Payable 25,000.00 Medicare Tax Payable State Unemployment Tax Payable 164,000.00 Employee Federal Income Tax Payable Employee State Income Tax Payable 35,750.00 401(k) Contributions Payable 1,606, 617.49 Employee Medical Premiums Payable Notes Payable Utilities Payable Total Liabilities Owners' Equity Retained Earnings Total Equity Total Liabilities and Equity $ 112,747.25 10,158.53 88.72 3,158.42 738.66 662.24 1,427.61 1,133.72 1,002.34 750.00 224,750.00 356,617.49 1,250,000.00 1,250,000.00 1,606,617.49 Voluntary deductions for each employee are as follows: 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 Sunday 1 8 Monday 2 9 16 23 30 Tuesday 3 10 17 24 31 December Wednesday 4 11 18 25 Thursday 5 12 19 26 Friday 6 13 20 27 Saturday 7 14 21 28 15 22 29 Complete the question by filling in all answers in the tabs below. Employee Gross pay Payroll Register Chinson EERE Wayland EERF Peppinico EERF Varden EERF Hissop EERF Success EERF General Journal General Ledger Compute the gross earnings for regular, overtime, and holiday pay for each employee for the December 15 pay period. Remember that while an hourly rate is shown for all employees, the period pay for exempt employees should be calculated by taking their yearly salary and dividing it by the number of semimonthly pay periods in a year, which should then be split between the number of hours considered regular time and holiday time. (Round answers for hourly rate to 5 decimal places and all other answers to 2 decimals.) Show less Last Name Hourly Rate (Rounded to 5 Decimals) Pay Period Hours 12/01-12/15 Regular Overtime Holiday Commission $ 1,680.00 Chinson Wayland Peppinico Varden 80 hours (exempt) 80 hours (exempt) 80 hours (exempt) 84 hours Hissop 80 hours Success 83 hours Employee Gross pay Payroll Register Chinson EERF Wayland EERF Peppinico EERF Varden EERF Hissop EERF Success EERF General Journal General Ledger Complete the payroll register for the December 15 pay period. (Round your intermediate computations and final answers to 2 decimal places.) Run Date Payroll End Date 12/15/2019 12/15/2019 Company Name: Wayland Custom Woodworking Check Date 12/19/2019 Name M/S # of W/H Hourly Rate No of Regular Hours No of Overtime Hours No of Holiday Hours Commissions Gross Earnings Insurance Anthony Chinson Mark Wayland Sylvia Peppinico Stevon Varden Leonard Hissop Student F Success Taxable Wages 401(k) for Federal W/H $ 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $ 0.00 Taxable Wages for FICA $ 0.00 0.00 0.00 0.00 0.00 0.00 Totals $ 0.00 $ 0.00 $ $ 0.00 Name Gross Earning Federal W/H Social Security Tax Medicare W/H State W/H Tax Net Pay Check No. Anthony Chinson Mark Wayland Sylvia Peppinico Stevon Varden Leonard Hissop Student F Success Totals Taxable Wages for Taxable Wages Federal W/H for FICA $ 0.00 $ 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $ 0.00 $ 0.00 174580 174581 174582 174583 174584 174585 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 Employee Gross pay Payroll Register Chinson EERF Wayland EERF Peppinico EERF Varden EERF Hissop EERF Success EERF General Journal General Ledger EMPLOYEE EARNINGS RECORD Name Anthony Chinson Hire Date October 01, 2019 Address City/State/Zip Telephone Social Security Number 530 Sylvann Avenue Logan, UT 84321 435-555-1212 511-22-3333 Date of Birth Exempt/Nonexempt Married/Single No. of exemptions Pay Rate (Hourly, Yearly, Yearly + Commission) Exempt Married 1 Position Account Executive $24,000/year + Commission Period Ended Hours Worked Regular Pay O.T. Pay Holiday Pay Commissions Gross Pay Insurance 401(k) $ $ $ $ 10/15/2019 10/31/2019 11/15/2019 11/30/2019 12/15/2019 88.00 96.00 88.00 80.00 1,000.00 1,000.00 1,000.00 800.00 1,500.00 1,750.00 1,050.00 2,325.00 2,500.00 $ 2,750.00 2,050.00 3,325.00 50.00 50.00 50.00 50.00 Taxable Pay Taxable Pay (Federal) (FICA) 75.00 $ 2,375.00 $ 2,450.00 82.50 2,617.50 2,700.00 61.50 1,938.50 2,000.00 99.75 3,175.25 3,275.00 0.00 200.00 0.00 Current YTD 352.00 $ 3,800.00 $ 0.00 $ 200.00 $ 6,625.00 $ 10,625.00 $ 200.00 $ 318.75 $ 10,106.25 $ 10,425.00 Medicare State Income Tax Total Deductions Net pay YTD Net Pay $ $ $ Taxable Pay for Taxable Pay for Federal Income Federal FICA Tax $ 2,375.00 $ 2,450.00 $ 188.80 2,617.50 2,700.00 217.90 1,938.50 2,000.00 136.42 3,175.25 3,275.00 284.83 0.00 0.00 Social Security Tax $ 151.90 167.40 124.00 203.05 35.53 39.15 29.00 110.72 125.87 83.43 157.17 611.95 $ 682.82 484.35 842.29 0.00 1,888.05 $ 2,067.18 1,565.65 2,482.71 1,888.05 3,955.23 5,520.88 8,003.59 YTD Gross Pay Current Taxable Current Taxable for FUTA for SUTA $ 2,500.00 $ 2,450.00 $ 2.450.00 5,250.00 2,700.00 2,700.00 7,300.00 1,850.00 2,000.00 10,625.00 3,275.00 47.49 Current YTD $ 10,106.25 $ 10,425.00 $ 827.95 $ 646.35 $ 151.17 $ 477.19 $ 2.621.41 $ 8,003.59 Employee Gross pay Payroll Register Chinson EERF Wayland EERF Peppinico EERF Varden EERF Hissop EERF Success EERF General Journal General Ledger The following is the Employee Earning Record Form for Mark Wayland for the December 15 pay period. Amounts from the first four pay periods of the fourth quarter (October 15 to November 30) are shown. Using the payroll registe amounts from the December 15 pay period for Wayland to complete his EERF. (Round your intermediate computations and final answers to 2 decimal places.) EMPLOYEE EARNINGS RECORD October 01, 2019 Name Address City/State/Zip Telephone Social Security Number Mark Wayland 1570 Lovett Street Logan, UT 84321 435-555-1110 505-33-1775 Hire Date Date of Birth Exempt/Nonexempt Married/Single No. of exemptions Pay Rate (Hourly, Yearly, Yearly + Commission) Exempt Married Position President/Owner $75,000/year Period Ended Hours Worked O.T. Pay Holiday Pay Commissions Insurance $ 10/15/2019 10/31/2019 11/15/2019 11/30/2019 12/15/2019 88.00 96.00 88.00 80.00 Regular Pay $ 3,125.00 3,125.00 3,125.00 2,556.82 Gross Pay 3,125.00 $ 3,125.00 3,125.00 3,125.00 75.00 $ 75.00 75.00 75.00 Taxable Pay Taxable Pay 401(k) (Federal) (FICA) 187.50 $ 2,862.50 $ 3,050.00 187.50 2.862.50 3,050.00 187.50 2,862.50 3,050.00 187.50 2,862.50 3,050.00 0.00 0.00 568.18 Current YTD 352.00 $ 11,931.82 $ 0.00 $ 568.18 $ 0.00 $ 12,500.00 $ 300.00 $ 750.00 $ 11,450.00 $ 12,200.00 Federal Income Tax Social Security Tax Medicare State Income Tax Total Deductions Net pay YTD Net Pay $ $ $ $ $ $ Taxable Pay for Federal $ 2,862.50 2,862.50 2,862.50 2,862.50 0.00 Taxable Pay for FICA $ 3,050.00 3,050.00 3,050.00 3,050.00 0.00 141.18 141.18 163.30 163.30 163.30 163.30 189.10 189.10 189.10 189.10 44.23 44.23 44.23 44.23 800.31 800.31 800.31 800.31 0.00 2,324.69 $ 2,324.69 2,324.69 2,324.69 2,324.69 4,649.38 6,974.07 9,298.76 YTD Gross Pay Current Taxable Current Taxable for FUTA for SUTA $ 3,125.00 $ 3,050.00 $ 3,050.00 6,250.00 3,050.00 3,050.00 9,375.00 900.00 3,050.00 12,500.00 3,050.00 141.18 141.18 Current YTD $ 11,450.00 $ 12,200.00 $ 653.20 $ 756.40 $ 176.92 $ 564.72 $ 3,201.24 $ 9,298.76 Payroll Wayland Employee Gross pay Register Chinson EERF Peppinico EERF Varden EERF Hissop EERF Success EERF General Journal EERE General Ledger The following is the Employee Earning Record Form for Sylvia Peppinico for the December 15 pay period. Amounts from the first four pay periods of the fourth quarter (October 15 to November 30) are shown. Using the payro the amounts from the December 15 pay period for Peppinico to complete her EERF. (Round your intermediate computations and final answers to 2 decimal places.) EMPLOYEE EARNINGS RECORD October 01, 2019 Name Address City/State/Zip Telephone Social Security Number Sylvia Peppinico 291 Antioch Road Logan, UT 84321 435-555-2244 047-55-9951 Hire Date Date of Birth Exempt/Nonexempt Married/Single No. of exemptions Pay Rate (Hourly, Yearly, Yearly + Commission) Exempt Married 7 Position Craftsman $43,500/year Period Ended Hours Worked Regular Pay O.T. Pay Holiday Pay Commissions Gross Pay Insurance 401(k) Taxable Pay (Federal) Taxable Pay (FICA) $ $ $ $ 10/15/2019 10/31/2019 11/15/2019 11/30/2019 12/15/2019 88.00 96.00 88.00 80.00 1,812.50 1,812.50 1,812.50 1,482.95 1,812.50 1,812.50 1,812.50 1,812.50 75.00 75.00 75.00 75.00 50.00 $ 50.00 50.00 50.00 1,687.50 $ 1,687.50 1,687.50 1,687.50 0.00 1,737.50 1,737.50 1,737.50 1,737.50 0.00 329.55 Current YTD 352.00 $ 6,920.45 $ 0.00 $ 329.55 $ 0.00 $ 7,250.00 $ 300.00 $ 200.00 $ 6,750.00 $ 6,950.00 Taxable Pay for Federal Taxable Pay for FICA Federal Income Tax Social Security Tax Medicare State Income Tax Total Deductions Net pay YTD Net Pay YTD Gross Pay $ $ $ $ 67.75 $ $ $ 1,687.50 1,687.50 1,687.50 1,687.50 0.00 1,737.50 1,737.50 1,737.50 1,737.50 0.00 107.73 $ 107.73 107.73 107.73 25.19 25.19 25.19 25.19 325.67 325.67 325.67 325.67 0.00 67.75 67.75 67.75 1,486.83 1,486.83 1,486.83 1,486.83 1,486.83 $ 2,973.66 4,460.49 5,947.32 Current Taxable for Current Taxable for SUTA FUTA $ 1,737.50 $ 1,737.50 1,737.50 1,737.50 1,737.50 1,737.50 1,737.50 1,737.50 1,812.50 3,625.00 5,437.50 7,250.00 Current YTD $ 6,750.00 $ 6,950.00 $ 0.00 $ 430.92 $ 100.76 $ 271.00 $ 1,302.68 $ 5,947.32 Employee Gross pay Payroll Register Chinson EERF Wayland EERF Peppinico EERF Varden EERF Hissop EERF Success EERF General Journal General Ledger The following is the Employee Earning Record Form for Stevon Varden for the December 15 pay period. Amounts from the first four pay periods of the fourth quarter (October 15 to November 30) are shown. Using the payroll reg amounts from the December 15 pay period for Varden to complete his EERF. (Round your intermediate computations and final answers to 2 decimal places.) EMPLOYEE EARNINGS RECORD October 01, 2019 Name Address City/State/Zip Telephone Social Security Number Stevon Varden 333 Justin Drive Logan, UT 84321 435-555-9981 022-66-1131 Hire Date Date of Birth Exempt/Nonexempt Married/Single No. of exemptions Pay Rate (Hourly, Yearly, Yearly + Commission) Nonexempt Married 2 Position Craftsman $42,000/year Period Ended Hours Worked Regular Pay O.T. Pay Holiday Pay Commissions Gross Pay Insurance 401(k) $ 10/15/2019 10/31/2019 11/15/2019 11/30/2019 12/15/2019 88.00 $ 100.00 96.00 82.00 1,776.92 1,938.46 1,776.92 1,292.31 121.15 242.31 60.58 1,776.92 $ 2,059.62 2,019.23 1,675.96 50.00 $ 50.00 50.00 50.00 71.08 82.38 80.77 67.04 Taxable Pay Taxable Pay (Federal) (FICA) $ 1,655.84 $ 1,726.92 1,927.24 2,009.62 1,888.46 1,969.23 1,558.92 1,625.96 0.00 0.00 323.08 Current YTD 366.00 $ 84.61] $ 424.04 $ 323.08 $ 0.00 $ 7,531.73 $ 200.00 $ 301.27 $ 7,030.46 $ 7,331.73 Medicare State Income Tax Total Deductions Net pay $ $ Taxable Pay for Federal $ 1,655.84 1,927.24 1,888.46 1.558.92 0.00 Taxable Pay for Federal Income Social Security Tax FICA Tax $ 1,726.92 $ 81.50 $ 107.07 2,009.62 114.07 124.60 1,969.23 109.42 122.09 1,625.96 71.69 100.81 0.00 25.04 29.14 28.55 23.58 65.77 $ 82.73 80.31 59.71 400.46 $ 482.92 471.14 372.83 0.00 YTD Net Pay YTD Gross Pay Current Taxable Current Taxable for FUTA for SUTA 1,376.46 $ 1,376.46 $ 1,776.92 $ 1,726.92 $ 1,726.92 1,576.70 2,953.16 3,836.54 2,009.61 2,009.61 1,548.09 4,501.25 5,855.77 1,969.23 1,303.13 5,804.38 7,531.73 1,294.24 1,625.96 Current YTD $ 7,030.46 $ 7,331.73 $ 376.68 $ 454.57 $ 106.31 $ 288.52 $ 1,727.35 $ 5,804.38 Employee Gross pay Payroll Register Chinson EERF Wayland EERF Peppinico EERF Success EERF General Varden EERF Hissop EERF Journal General Ledger The following is the Employee Earning Record Form for Leonard Hissop for the December 15 pay period. Amounts from the first four pay periods of the fourth quarter (October 15 to November 30) are shown. Using the pa the amounts from the December 15 pay period for Hissop to complete his EERF. (Round your intermediate computations and final answers to 2 decimal places.) EMPLOYEE EARNINGS RECORD October 01, 2019 Name Address City/State/Zip Telephone Social Security Number Leonard Hissop 531 5th Street Logan, UT 84321 435-555-5858 311-22-6698 Hire Date Date of Birth Exempt/Nonexempt Married/Single No. of exemptions Pay Rate (Hourly, Yearly, Yearly + Commission) Nonexempt Single 4 Position Purchasing/Shipping $49,500/year Period Ended Hours Worked Regular Pay O.T. Pay Holiday Pay Commissions Gross Pay Insurance 401(k) $ $ $ 10/15/2019 10/31/2019 11/15/2019 11/30/2019 12/15/2019 93.25 103.00 91.00 83.00 2,094.23 2,284.62 2,094.23 1,523.08 187.41 249.88 107.09 107.09 2,281.64 $ 2,534.50 2,201.32 2,010.94 75.00 $ 75.00 75.00 75.00 68.45 76.04 66.04 60.33 Taxable Pay Taxable Pay (Federal) (FICA) $ 2,138.19 $ 2,206.64 2,383.46 2,459.50 2,060.28 2,126.32 1,875.61 1,935.94 0.00 380.77 0.00 Current YTD 370.25 $ 7,996.16 $ 651.47 $ 380.77 $ 0.00 $ 9,028.40 $ 300.00 $ 270.86 $ 8,457.54 $ 8,728.40 Medicare State Income Tax Total Deductions Net pay YTD Net Pay Federal Income Tax 145.52 174.96 136.17 $ Social Security Tax $ 136.81 152.49 131.83 $ $ 563.62 Taxable Pay for Federal $ 2.138.19 2,383.46 2,060.28 1,875.61 0.00 $ Taxable Pay for FICA $ 2,206.64 2,459.50 2,126.32 1,935.94 0.00 $ 32.00 35.66 30.83 28.07 632.13 105.84 117.98 101.98 92.84 1,718.02 1,902.37 1,659.47 1,520.66 YTD Gross Pay Current Taxable for Current Taxable FUTA for SUTA $ 2,281.64 $ 2,206.64 $ 2,206.64 4.816.14 2,459.50 2,459.50 7,017.46 2,126.32 2, 126.32 9,028.40 207.54 1,935.94 1,718.02 3,620.39 5,279.86 6,800.52 114.01 120.03 541.85 490.28 0.00 Current YTD $ 8,457.54 $ 8,728.40 $ 570.66 541.16 $ 126.56 $ 418.64 $ 2,227.88 $ 6,800.52 Employee Gross pay Payroll Register Chinson EERF Wayland EERF Peppinico EERF Varden EERF Hissop EERF Success EERF General Journal General Ledger The following is the Employee Earning Record Form for Student F Success (You) for the December 15 pay period. Amounts from the first four pay periods of the fourth quarter (October 15 to November 30) are shown. Us completed, input the amounts from the December 15 pay period for Success to complete the EERF. (Round your intermediate computations and final answers to 2 decimal places.) EMPLOYEE EARNINGS RECORD October 01, 2019 Name Address City/State/Zip Telephone Social Security Number Student Success 1650 South Street Logan, UT 84321 435-556-1211 555-55-5555 Hire Date Date of Birth Exempt/Nonexempt Married/Single No. of exemptions Pay Rate (Hourly, Yearly, Yearly + Commission) Nonexempt Single 1 Position Accounting Clerk $36,000/year Period Ended Hours Worked O.T. Pay Holiday Pay Commissions Gross Pay Insurance 401(k) $ $ 10/15/2019 10/31/2019 11/15/2019 11/30/2019 12/15/2019 90.00 98.00 93.00 81.00 Regular Pay $ 1,523.08 $ 1,661.54 1,523.08 1, 107.69 51.92 51.92 129.81 25.96 1,575.00 $ 1,713.46 1,652.88 1.410.58 50.00 50.00 50.00 50.00 47.25 51.40 49.59 42.32 Taxable Pay (Federal) Taxable Pay (FICA) $ 1,477.75 $ 1,525.00 1,612.06 1.663.46 1,553.29 1,602.88 1,318.26 1,360.58 0.00 0.00 276.92 Current YTD 276.92 $ 0.00 $ 6,351.92 $ 200.00 $ 190.56 $ 5,961.36 $ 6,151.92 Total Deductions Net pay YTD Net Pay YTD Gross Pay $ $ $ $ Taxable Pay for Federal $ 1,477.75 1,612.06 1,553.29 1,318.26 0.00 362.00 $ 5,815.39 $ 259.61 $ Taxable Pay for Federal Income Social Security FICA Tax Tax $ 1,525.00 $ 129.27 $ 94.55 $ 1,663.46 145.39 103.13 1,602.88 138.33 99.38 1,360.58 110.13 84.36 0.00 State Income Medicare Tax 22.11 $ 73.15 24.12 79.80 23.24 76.89 19.73 63.53 416.33 453.84 437.43 370.07 0.00 1,158.67 1,259.62 1,215.45 1,040.51 1,158.67 2,418.29 3,633.74 4,674.25 1,575.00 3,288.46 4,941.34 6,351.92 Current Taxable for Current Taxable FUTA for SUTA $ 1,525.00 $ 1,525.00 1,663.46 1,663.46 1,602.88 1,602.88 1,360.58 1,360.58 Current YTD $ 5,961.36 $ 6,151.92 $ 523.12 $ 381.42 $ 89.20 $ 293.37 $ 1,677.67 $ 4,674.25 Employee Gross pay Payroll Register Chinson EERF Wayland EERF Peppinico EERF Varden EERF Hissop EERF Success EERF General Journal General Ledger Complete the General Journal entries for the December 15 payroll. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your intermediate computations and final answers to 2 decimal places.) View transaction list X 1 Record the entry for employee semimonthly payroll expenses for the period ending on December 15. period 2 Record the entry for employer semimonthly payroll taxes for the period ending on December 15. 3 Record the entry for payment of semimonthly employee wages for the period ending on December 15. Credit Note : = journal entry has been entered Record entry Clear entry View general journal POSL le lansdCLIONS Irom the current periou journal entries lo me General Leuyer. The amounts currency Snown are uie result oi posleu li ansactions to the General Ledger from the first four pay periods (October 15 to November 30). Final amounts in the "Balance" column after posting the December 15 transactions will be used in the following pay period as the ending account balance from the prior period. (Enter each transaction in the order that they were journalized. Round your intermediate computations and final answers to 2 decimal places.) Show less Cash Account No: 203 Debit Credit Date Beginning balance Oct 18 Balance 708.39 9,952.72 10,617.39 1,779.09 7,572.25 9,800.17 10,158.53 1,752.34 7.209.37 Nov 4 Nov 4 Nov 4 Nov 19 Dec 4 Dec 4 Dec 4 Account No: 101 Balance 1,125,000.00 1,115,047.28 1,104,429.89 1,102,650.80 1,095,078.55 1,085,278.38 1,075, 119.85 1,073,367.51 1,066,158.14 Employee Federal Income Tax Payable Date Debit Credit Oct 15 708.39 Oct 31 815.62 Nov 4 1,524.01 Nov 15 683.64 Nov 30 743.96 Dec 4 1,427.60 1,524.01 0.00 683.64 1,427.60 0.00 Medicare Tax Payable Debit Date Social Security Tax Payable Debit Credit 787.16 787.16 Credit 184.10 184.10 197.49 Account No: 205 Balance 184.10 368.20 565.69 763.18 844.45 Oct 15 Oct 15 Oct 31 Oct 31 Nov 4 Nov 15 844.45 Date Oct 15 Oct 15 Oct 31 Oct 31 Nov 4 Nov 15 Nov 15 Nov 30 Nov 30 Dec 4 197.49 Account No: 204 Balance 787.16 1,57432 2,418.77 3,263.22 0.00 774.13 1,548.26 2,353.34 3,158.42 0.00 3,263.22 763.18 181.04 774.13 774.13 Nov 15 Nov 30 Nov 30 Dec 4 805.08 805.08 0.00 181.04 362.08 550.37 738.66 0.00 181.04 188.29 188.29 3,158.42 738.66 Account No: 206 Balance 564.41 1,179.72 Employee State Income Tax Payable Date Debit Credit Oct 15 564.41 Oct 31 615.31 Nov 4 1,179.72 Nov 15 551.54 Nov 30 582.18 Dec 4 1,133.72 401(k) Contributions Payable Account No: 208 Date Debit Credit Balance Oct 15 499.28 499.28 Oct 31 529.82 1,029.10 Nov 4 1,029.10 0.00 Nov 15 495.40 495.40 Nov 30 506.94 1,002.34 Dec 4 1,002.34 0.00 0.00 551.54 1,133.72 0.00 Employee Medical Premiums Payable Date Debit Credit Oct 15 375.00 Oct 31 375.00 Nov 4 750.00 Nov 15 375.00 Nov 30 375.00 Dec 4 750.00 Account No: 209 Balance 375.00 750.00 0.00 375.00 750.00 0.00 Salaries and Wages Payable Date Debit Credit Oct 15 9,952.72 Oct 18 9,952.72 Oct 31 10,617.39 Nov 4 10,617.39 Nov 15 9,800.18 Nov 19 9,800.18 Nov 30 10,158.53 Dec 4 10,158.53 Account No: 210 Balance 9,952.72 0.00 10,617.39 0.00 9,800.18 0.00 10,158.53 0.00 Account No: 212 Balance 330.10 Federal Unemployment Tax Payable Date Debit Credit Oct 15 76.18 Oct 31 81.72 Nov 4 157.90 Nov 15 61.12 Nov 30 27.60 Dec 4 88.72 Account No: 211 Balance 76.18 157.90 0.00 61.12 88.72 0.00 State Unemployment Tax Payable Date Debit Credit Oct 15 330.10 Oct 31 354.12 Nov 4 684.22 Nov 15 324.63 Nov 30 337.61 Dec 4 662.24 684.22 0.00 324.63 662.24 0.00 Date Oct 15 Oct 31 Nov 15 Nov 30 Payroll Taxes Expense Debit Credit 1,377.54 1,477.78 1,340.92 1,358.58 Account No: 514 Balance 1,377.54 2,855.32 4.196.24 5,554.82 Salaries and Wages Expense Date Debit Credit Oct 15 13,071.06 Oct 31 13,955.08 Nov 15 12,860.93 Nov 30 13,359.98 Account No: 515 Balance 13,071.06 27,066.14 39,927.07 53,287.05 66,007.44 Employee Gross pay Payroll Register General Journal General Ledger Compute the gross earnings for regular, overtime, and holiday pay for each employee for the December 31 pay period. Remember that while an hourly rate is shown for all employees, the period pay for exempt employees should be calculated by taking their yearly salary and dividing it by the number of semimonthly pay periods in a year, which should then be split between the number of hours considered regular time and holiday time. The pay rates for each employee have been given from the prior period. (Round your answers to 2 decimals.) Show less Last Name Regular Overtime Holiday Commission $ 1,015.00 Chinson Wayland Peppinico Varden Hourly Rate (Rounded to 5 Decimals) Pay Period Hours 12/16-12/31 96 hours (exempt - 16 hours Holiday) 96 hours (exempt - 16 hours Holiday) 96 hours (exempt - 16 hours Holiday) 98 hours (16 Holiday) 97 hours (16 Holiday) 99 hours (16 Holiday) Hissop Success Employee Gross pay Payroll Register General Journal General Ledger Complete the payroll register for the December 31 pay period. (Round your answers to 2 decimal places.) Run Date 12/31/2019 12/31/2019 Company Name: Wayland Custom Woodworking Check Date 01/03/2020 Payroll End Date Name M/S # of WIH Hourly Rate No of No of Regular Overtime Hours Hours No of Holiday Hours Commissions Gross Earnings Insurance 401(k) M M 5 M Anthony Chinson Mark Wayland Sylvia Peppinico Stevon Varden Leonard Hissop Student Success 7 2 Taxable Taxable Wages for Wages for Federal W/H FICA $ 0.00 $ 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $ 0.00 $ 0.00 M S 4 S Totals $ 0.00 $ 0.00 $ Gross Name Federal W/H Social Security Tax Medicare W/H Earning State W/H | Net Pay Check No. Anthony Chinson Mark Wayland Sylvia Peppinico Stevon Varden Leonard Hissop Student Success Taxable Taxable Wages for Wages for Federal W/H FICA $ 0.00 $ 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $ 0.00 $ 0.00 174586 174587 174588 174589 174590 174591 Totals $ $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 Employee Gross pay Payroll Register General Journal General Ledger Complete the General Journal entries for the December 31 payroll. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your intermediate computations and final answers to 2 decimal places.) View transaction list > 1 Record the entry for employee semimonthly payroll expenses for the pay period period ending on December 31. pay 2 Record the entry for employer semimonthly payroll taxes for the pay period ending on December 31. Credit Note : = journal entry has been entered Record entry Clear entry View.generalioual Post the transactions from the current period journal entries to the General Ledger. Input the YTD amounts from the prior period where directed. Final amounts in the "Balance" column will be used in the following pay period as the prior period YTD amount. (Enter each transaction in the order that they were journalized. Round your intermediate computations and final answers to 2 decimal places.) Account No: 203 Account No: 204 Employee Federal Income Tax Payable Date Debit Credit Ending account balance from the prior period Balance Social Security Tax Payable Date Debit Credit Ending account balance from the prior period Balance Medicare Tax Payable Date Debit Credit Ending account balance from the prior period Account No: 205 Balance Employee State Income Tax Payable Date Debit Credit Ending account balance from the prior period Account No: 206 Balance Account No: 209 401(k) Contributions Payable Date Debit Credit Ending account balance from the prior period Account No: 208 Balance Employee Medical Premiums Payable Date Debit Credit Ending account balance from the prior period Balance Salaries and Wages Payable Date Debit Credit Ending account balance from the prior period Account No: 210 Balance State Unemployment Tax Payable Debit Credit Ending account balance from the prior period Account No: 212 Balance Date Salaries and Wages Expense Date Debit Credit Ending account balance from the prior period Account No: 515 Balance Payroll Taxes Expense Date Debit Credit Ending account balance from the prior period Account No: 514 Balance 0.00