You have been just awarded the payroll contract for the company Jenn’s BADM50 Comprehensive Consultants (88-0000050). The company pays Bi-Monthly, with pay periods ending the 15^th and the 31^st, pay days being 1^st and 16^th. Assume all prior payroll liabilities and payables have been made. The company hires a new employee Davita Jones 12/03/2019. She makes $20 per hour.

Your responsibility: Process and record payroll (including pay stubs) for the 4^th quarter and all necessary year end reports. Journalize all transactions. Use your textbook, class notes and presentations, IRS.gov, EDD.CA.gov, and DLSE.CA.gov to calculate and access your necessary info. Make and document assumptions when necessary. Submit your assumptions. Support your decisions. Prepare your findings. Label your work. Show all work/calculations. Use 2019 forms and tax tables. Use your name for preparer’s information. Submit your assignment in PDF format.

Assume this is the 1st year of operations.

	Jenn Ro	John Doe	Davita Jones
SS#	555-55-5551	555-55-5552	555-55-5553
Wage/Salary	$30,000 Salary/Pay period	$30/per hour	$20/per hour
Job Description	Owner	Clerk	Clerk
W4	M2	HH/4	See W4
YTD Gross	$ 90,000	$ 6,000
YTD FWT	$ 9,000	$ 1,200
YTD SS	$ 5,580	$ 372
YTD Med	$ 1,305	$ 87
YTD SDI	$ 900	$ 60
YTD PIT	$ 900	$ 81
YTD Net	$ 73,315	$ 4,200

Answer rating: 100% (QA)

steps involved in processing and recording payroll for the 4th quarter and all necessary yearend reports for Jenns BADM50 Comprehensive Consultants 1 ... View the full answer