Payroll Comprehensive Problem

Congratulations! You have just been awarded the payroll contract for the company Jenn's BADM$50$ Comprehensive Consultants $(88-0000050),$ which opened October $01,2024.$ Listed below are the name, number of allowances claimed, marital status, total hours worked, and hourly rate of each employee for the pay period ending December $24,2024.$ All hours worked in excess of $40$ hours per week are paid at the rate of time and a half.

All employees have health insurance premiums starting this pay period, which are withheld in the amount of $$55\mathrm{.}00.$ Your UI rate is $6\mathrm{.}2\%.$

The company pays Bi$-$Weekly, with check dates $5$ days after the end of the pay period. Assume all prior payroll liabilities and payables have been deposited. Your responsibility: Process and record payroll $($including pay stubs$)$ for the $4$th quarter of $2024$ and all necessary year$-$end reports for $2024.$ 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. Refer to IRS Publication $15,15-$T$,$ and EDD publication DE$44$ to assist with your calculations. Support your decisions. Prepare your findings. Label your work. Show all work$/$calculations$.$

Items to include: $($for both Federal and CA State purposes$)$ Calculations, Paystub, Payroll Register, appropriate Quarterly Reports, Year End Reports and forms, and applicable Journal Entries including employer expenses. Use $2024$ withholding tables, forms, and limits$.$

Again, use $2024$ limits$,$ forms, tables, and information.

Name:

Jenn Ro

John Doe

Jeficito Sol

Delis Marie

SS#

$555-55-5551$

$555-55-5552$

$555-55-5554$

$555-55-5553$

$$\frac{30}{?}$ per hour

$$34/$per hour

$$15/$per hour period

Job Description

Owner

Clerk

Accountant

Gopher

W$4/$DE$4$

M$,$ Box $2$ checked

HH

None on file

M

Total hrs worked

$60$

$43$

$42$

$15$

Week $2$

$50$

$41$

$34$

$10\backslash$table$[[$YTD Gross,$$139,000,$$$6,000,$$$86,200,$$$16,000$