Appendix A Continuing Payroll Project Wayland Custom Woodworking 1 Month Part 2 Static Skip to question The following information applies to the questions displayed below 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 complete a month of payroll information for Wayland Wayland Custom Woodworking is located at 12850 Old Highway 50 Glenbrook Nevada 89413 phone number 7755559877 The owner is Mark Wayland Waylands EIN is 917444533 and the Nevada Employer Account Number is E64625820206 Wayland has determined it will pay its employees on a semimonthly basis Federal income tax should be computed using the percentage method for manual payrolls with Forms W4 from 2020 or later For Part 2 of this project you will complete payroll for the last month December of the fourth quarter Q4 of 2023 which consists of the final pay periods of the year Then file the annual tax forms for Wayland as well as prepare each employees Form W2 in Part 2 on or before the due date 01122024 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 US Form 941 US Form 940 Nevada NUCS 4072 Nevada New Hire Report Form W2s for all 6 employees Form W3 for WCW Elective deferrals including deferrals under a simple retirement account that is part of a section 401k arrangement should be reported in Box 12 using code D Employer amounts for health coverage is 15 times the employees premium and the total premium both employee employer should be reported in Box 12 using Code DD The forms will be signed on January 12 2024 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