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 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 The SUTA (UI) rate for Wayland Custom Woodworking is 2 6 percent on the first $33,100 The state withholding rate is 5 0 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 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 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 2017 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 2017 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 2017 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 2017 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 2017 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 2017 Job title Accounting Clerk SSN 555 55 5555 Total deposits made for the quarter is $11,805 99 Monthly tax liability October $ 5,920 47 November 5,885 52 December 2,899 57 FUTA tax deposited for the year, including any overpayment applied from a prior year is $246 62 Form 940 Required 2 Complete Form 940 for Wayland Custom Woodworking Complete this question by entering your answers in the tabs below 940 PG 1 940 PG 2 Complete Page 1 of Form 940 (Do not round intermediate calculations Round your final answers to 2 decimal places ) Form 940 for 2017 Employer's Annual Federal Unemployment (FUTA) Tax Return 850113 Department of the Treasury Internal Revenue Service OMB No 1545 0028 Employer identification number (EIN) Type of Return (Check all that apply ) Name (not your trade name) a Amended Trade name (if any) b Successor employer Address c No payments to employees in 2017 Number Street Suite or room number d Final Business closed or stopped paying wages City 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 Read the separate instructions before you complete this form Please type or print within the boxes Part 1 Tell us about your return If any line does NOT apply, leave it blank 1a If you had to pay state unemployment tax in one state only, enter the state abbreviation (In Capital Letters) 1a 1b If you had to pay state unemployment tax in more than one state, you are a multi state employer, check here 1b Complete Sched Acheckbox unchecked1 of 2 2 If you paid wages in a state that is subject to CREDIT REDUCTION, check here 2 Complete Sched Acheckbox unchecked2 of 2 Part 2 Determine your FUTA tax before adjustments If any line does NOT apply, leave it blank 3 Total payments to all employees 3 4 Payments exempt from FUTA tax 4 Check all that apply 4a Fringe benefitscheckbox unchecked1 of 1 4c Retirement Pensioncheckbox unchecked1 of 8 4e Othercheckbox unchecked3 of 8 4b Group term life insurancecheckbox unchecked5 of 8 4d Dependent carecheckbox unchecked7 of 8 5 Total of payments made to each employee in excess of $7,000 5 6 Subtotal (line 4 line 5 line 6) 6 0 00 7 Total taxable FUTA wages (line 3 line 6 line 7) (see instructions) 7 0 00 8 FUTA tax before adjustments (line 7 x 006 line 8) 8 0 00 Part 3 Determine your adjustments If any line does NOT apply, leave it blank 9 If ALL of the taxable FUTA wages you paid were excluded from state unemployment tax, multiply line 7 by 054 (line 7 x 054 line 9) Go to line 12 9 10 If SOME of the taxable FUTA wages you paid were excluded from state unemployment tax, OR you paid ANY state unemployment tax late (after the due date for filing Form 940), complete the worksheet in the instructions Enter the amount from line 7 of the worksheet 10 11 If credit reduction applies, enter the total from Schedule A (Form 940) 11 Part 4 Determine your FUTA tax and balance due or overpayment If any line does NOT apply, leave it blank 12 Total FUTA tax after adjustments (lines 8 9 10 11 line 12) 12 0 00 13 FUTA tax deposited for the year, including any overpayment applied from a prior year 13 14 Balance due (If line 12 is more than line 13, enter the excess on line 14 ) If line 14 is more than $500, you must deposit your tax If line 14 is $500 or less, you may pay with this return (see instructions) 14 15 Overpayment (If line 13 is more than line 12, enter the excess on line 15 and check a box below ) 15 You MUST complete both pages of this form and SIGN it Check one Apply to next return checkbox unchecked1 of 2 Send a refund checkbox unchecked1 of 2 Next For Privacy Act and Paperwork Reduction Act Notice, see the back of Form 940 V, Payment Voucher Cat No 11234O Form 940 (2017) THIS FORM IS A SIMULATION OF AN OFFICIAL U S TAX FORM IT IS NOT THE OFFICIAL FORM ITSELF DO Complete Page 2 of Form 940 (Do not round intermediate calculations Round your final answers to 2 decimal places ) Name (not your trade name) Employer identification number (EIN) Part 5 Report your FUTA tax liability by quarter only if line 12 is more than $500 If not, go to Part 6 16 Report the amount of your FUTA tax liability for each quarter do NOT enter the amount you deposited If you had no liability for a quarter, leave the line blank 16a 1st quarter (January 1 March 31) 16a 16b 2nd quarter (April 1 June 30) 16b 16c 3rd quarter (July 1 September 30) 16c 16d 4th quarter (October 1 December 31) 16d 17 Total tax liability for the year (lines 16a 16b 16c 16d line 17) 17 0 00 Total must equal line 12 Part 6 May we speak with your third party designee Do you want to allow an employee, a paid tax preparer, or another person to discuss this return with the IRS See the instructions for details Yes Designee's name and phone number Select a 5 digit Personal Identification Number (PIN) to use when talking to IRS No Part 7 Sign here You MUST complete both pages of this form and SIGN it Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete, and that no part of any payment made to a state unemployment fund claimed as a credit was, or is to be, deducted from the payments made to employees Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge X Sign your name here Print your name here Print your title here Date (mm dd yyyy) Best daytime phone (xxx xxx xxxx) Paid Preparer Use Only Check if you are self employed Preparer's name PTIN Preparer's signature Date (mm dd yyyy) Firm's name (or yours if self employed) EIN Address Phone City State (NN) ZIP code Page 2 Form 940 (2017) THIS FORM IS A SIMULATION OF AN OFFICIAL U S TAX FORM IT IS NOT THE OFFICIAL FORM ITSELF DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL

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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

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 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. The SUTA (UI) rate for Wayland Custom Woodworking is 2.6 percent on the first $33,100. The state withholding rate is 5.0 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

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	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: 10/1/2017
	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: 10/1/2017
	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: 10/1/2017
	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: 10/1/2017
	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: 10/1/2017
	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: 10/1/2017
	Job title: Accounting Clerk	SSN: 555-55-5555

Total deposits made for the quarter is $11,805.99. Monthly tax liability:


October	$	5,920.47
November		5,885.52
December		2,899.57

FUTA tax deposited for the year, including any overpayment applied from a prior year is $246.62.

Form 940

Required:

2. Complete Form 940 for Wayland Custom Woodworking.

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

940 PG 1

940 PG 2

Complete Page 1 of Form 940. (Do not round intermediate calculations. Round your final answers to 2 decimal places.)

Form 940 for 2017:		Employer's Annual Federal Unemployment (FUTA) Tax Return					850113
		Department of the Treasury - Internal Revenue Service					OMB No. 1545-0028

Employer identification number (EIN)					Type of Return (Check all that apply.)
Name (not your trade name)					a.	Amended
Trade name (if any)					b.	Successor employer
Address					c.	No payments to employees in 2017
	Number	Street		Suite or room number		No payments to employees in 2017
					d.	Final: Business closed or stopped paying wages
	City		State (NN)	ZIP code		Final: Business closed or stopped paying wages
					Instructions and prior-year forms are available at www.irs.gov/form940.
	Foreign country name		Foreign Province/county	Foreign Postal code

Read the separate instructions before you complete this form. Please type or print within the boxes.
Part 1:	Tell us about your return. If any line does NOT apply, leave it blank.

1a If you had to pay state unemployment tax in one state only, enter the state abbreviation (In Capital Letters)						1a
1b If you had to pay state unemployment tax in more than one state, you are a multi-state employer, check here						1b	Complete Sched. Acheckbox unchecked1 of 2
2 If you paid wages in a state that is subject to CREDIT REDUCTION, check here						2	Complete Sched. Acheckbox unchecked2 of 2
Part 2:	Determine your FUTA tax before adjustments. If any line does NOT apply, leave it blank.

3 Total payments to all employees						3
4 Payments exempt from FUTA tax				4
Check all that apply:		4a. Fringe benefitscheckbox unchecked1 of 1		4c. Retirement/Pensioncheckbox unchecked1 of 8		4e. Othercheckbox unchecked3 of 8
		4b. Group-term life insurancecheckbox unchecked5 of 8		4d. Dependent carecheckbox unchecked7 of 8
5 Total of payments made to each employee in excess of $7,000				5
6 Subtotal	(line 4 + line 5 = line 6)					6	0.00
7 Total taxable FUTA wages		(line 3 - line 6 = line 7) (see instructions)				7	0.00
8 FUTA tax before adjustments		(line 7 x .006 = line 8)				8	0.00

Part 3:	Determine your adjustments. If any line does NOT apply, leave it blank.
9 If ALL of the taxable FUTA wages you paid were excluded from state unemployment tax, multiply line 7 by .054
(line 7 x .054 = line 9). Go to line 12						9
10 If SOME of the taxable FUTA wages you paid were excluded from state unemployment tax, OR you paid ANY state unemployment tax late
(after the due date for filing Form 940), complete the worksheet in the instructions. Enter the amount from line 7 of the worksheet						10
11 If credit reduction applies, enter the total from Schedule A (Form 940)						11

Part 4:	Determine your FUTA tax and balance due or overpayment. If any line does NOT apply, leave it blank.

12 Total FUTA tax after adjustments		(lines 8 + 9 + 10 + 11 = line 12)				12	0.00
13 FUTA tax deposited for the year, including any overpayment applied from a prior year						13
14 Balance due	(If line 12 is more than line 13, enter the excess on line 14.)
If line 14 is more than $500, you must deposit your tax.
If line 14 is $500 or less, you may pay with this return. (see instructions)						14
15 Overpayment	(If line 13 is more than line 12, enter the excess on line 15 and check a box below.)					15
You MUST complete both pages of this form and SIGN it.			Check one:	Apply to next return.checkbox unchecked1 of 2		Send a refund.checkbox unchecked1 of 2
							Next
For Privacy Act and Paperwork Reduction Act Notice, see the back of Form 940-V, Payment Voucher.						Cat. No. 11234O	Form 940 (2017)
	THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORM ITSELF. DO

Complete Page 2 of Form 940. (Do not round intermediate calculations. Round your final answers to 2 decimal places.)

Name (not your trade name)

Employer identification number (EIN)

Part 5:

Report your FUTA tax liability by quarter only if line 12 is more than $500. If not, go to Part 6.

16 Report the amount of your FUTA tax liability for each quarter; do NOT enter the amount you deposited. If you had no liability for a quarter, leave the line blank.

16a 1st quarter (January 1 - March 31)

16a

16b 2nd quarter (April 1 - June 30)

16b

16c 3rd quarter (July 1 - September 30)

16c

16d 4th quarter (October 1 - December 31)

16d

17 Total tax liability for the year (lines 16a + 16b + 16c + 16d = line 17)

0.00

Total must equal line 12.

Part 6:

May we speak with your third-party designee?

Do you want to allow an employee, a paid tax preparer, or another person to discuss this return with the IRS? See the instructions for details.

Yes.

Designee's name and phone number

Select a 5-digit Personal Identification Number (PIN) to use when talking to IRS

No.

Part 7:

Sign here. You MUST complete both pages of this form and SIGN it.

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete, and that no part of any payment made to a state unemployment fund claimed as a credit was, or is to be, deducted from the payments made to employees. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.

Sign your name here

Print your name here

Print your title here

Date (mm/dd/yyyy)

Best daytime phone (xxx-xxx-xxxx)

Paid Preparer Use Only

Check if you are self-employed

Preparer's name

PTIN

Preparer's signature

Date (mm/dd/yyyy)

Firm's name (or yours if self-employed)

EIN

Address

Phone

City

State (NN)

ZIP code

Page 2

Form 940 (2017)

THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORM ITSELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL.