Question: Appendix A Continuing Payroll Project (1-Month Version) - Wayland Custom Woodworking Payroll Accounting by Landin/Schirmer Connect Student User Guide PURPOSE: This guide is meant to
Appendix A Continuing Payroll Project (1-Month Version) - Wayland Custom Woodworking Payroll Accounting by Landin/Schirmer Connect Student User Guide PURPOSE: This guide is meant to help students navigate and work through the Appendix A Payroll Project for Wayland Custom Woodworking in Connect. The project consists of two parts: Part 1 has students prepare the sample employee's onboarding forms (W-4 and 1-9) and payroll for the final two pay periods of 4th quarter for Wayland. Part 2 has students prepare the quarter and year-end federal and state tax forms for Wayland using the payroll information gathered in Part 1. Before You Begin NOTE: Your instructor may decide to not assign certain parts of the project at their discretion. If this is the case for your assignment, certain elements of this guide will not be applicable to you. Before you move into the requirements of the project, take some time to familiarize yourself with the given information in the very first section of the project, which will provide you with the details and information needed to complete the project. The given information includes: . Details on Wayland Custom Woodworking (WCW), including its address, EIN, and phone number; . Tax rates and links to federal withholding tax tables; WCW's Balance Sheet as of the end of November for the current year. . Employee marital status, salary information, and voluntary deduction information. You will need to refer to this information as you work through each part of the project. Specific information for each stage and requirement of the project will be given in each step as appropriate. Payroll Project - Part 1Part 1 of the project consists of students preparing the W-4 and 1-9 in for the example student employee (named Student F Success) to start their company file in Requirement 1, as well as the preparation of Wayland's payroll for the last two pay periods in the 4th quarter in Requirement 2. Payroll information from the first four pay periods has been provided to you for the December 15 period. If your instructor has decided to not include the W-4 and I-9 in your Connect assignment, then you will begin with the pay periods. Each pay period, except for December 31 (the last of the year), consists of the following parts: A table for determining the gross pay for each employee (6 in total) for that period; . A Payroll Register; . Employee Earnings Record forms (EER) for each employee; . A set of General Journal entries to record the effects of the period's payroll; . A General Ledger for the posting of the journal entries to the individual ledger accounts that have been affected. In each Project part, cells highlighted in yellow are input boxes or dropdown cells. Enter your answers in the appropriate input boxes for each part as you move through the project. Blue Shading for Input Boxes/Dropdown Cells Hourly Rate or Period Last Name Wage (Round to 5 Pay Period Hours 12/01- decimal) 12/15 Re Chinson 88 hours (exempt) To navigate between the requirements, go to the bottom of the page and note the buttons that appears, which are shown in the screenshot below. To move to the next requirement, select the box showing 1 and 2 below or select the blue checkered box, which will show both parts. DO NOT select "Score answer" or the "Submit" button at the top of the page until you are ready to submit your assignment for grading. Requirement Navigation (Payroll Project Part 1) 2 i... If you cannot complete your assignment in one sitting, ensure to select the "Save & Exit" button at the top of the screen to save the work that you have done so far. December 15 Payroll (3d payroll of the 4th quarter): Beginning with the Employee Gross Pay table, you will first want to compute an hourly rate for each of the six employees. Information for each employee relative to payroll can be found in the project information for Part 1 - for the Gross Pay table, pay particular attention to the yearly salary for each employee as well as whether or not they are considered an exempt or nonexempt employee, but other information for the employee, such as their marital status, allowances with types will be used in completing the Payroll Register. Example of Employee Information: October 1: Wayland Custom Woodworking (WCW) pays its employees according to their job classification. T following employees comprise Wayland's staff Employee Name and Address Payroll information Number 00-Chins Anthony Chinson Married/Joint; 2 O Search DELL F8 prt sc home end insert delete F5 F7 F9 F10 F11 F12 backs 5 R P
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Payroll Project Overview Wayland Custom Woodworking Purpose This payroll project 1Month Version from ... View full answer
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
Students Have Also Explored These Related Accounting Questions!