Required information Appendix A Continuing Payroll Project: Wayland Custom Woodworking (3 Months, Part 1) (Static) [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 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. Wayland's EIN is 91-7444533, and the Utah Employer Account Number is 99992901685WTH. Wayland has determined it will pay its employees on a semimonthly basis. Federal income tax should be computed using the percentage method. For Part 1 of this project, you will complete payroll for the last month (December) of the fourth quarter (Q4) of 2019, which consists of the final pay periods of the year. Once payroll has been completed for the fourth quarter, you will then file the annual tax forms for Wayland as well as prepare each employee's Form W-2 in Part 2. The SUTA (UI) rate for Wayland Custom Woodworking is 2.6 percent on the first $35,300. The state withholding rate is 4.95 percent for all income levels, deductions, and marital statuses, a table has been included to assist with calculations of state tax due for employees. No employee will reach the SUTA wage cap. Rounding can create a challenge. For this project, the hourly rate for the individuals should be rounded to five decimal places. So take their salary and divide by 2,080 (52 weeks at 40 hours per week) for full-time, nonexempt employees. Example: Annual Salary to Hourly Rate, Nonexempt Employee Employee Varden's annual salary is $42,000, and he is a nonexempt employee. Hourly rate = $42,000 / (52 x 40) = $42,000 / 2,080 Hourly rate = $20.19231 per hour Example: Period Gross Pay, Salaried Employee Employee Chinson earns an annual salary of $24,000 and is paid semimonthly. Period gross pay = $24,000 / 24 = $1,000 gross pay For pay periods with holiday hours: determine the amount paid per day, multiply by the number of days applicable to each Annual salary: $24,000 / (52 * 5) = $24,000 / 260 = $92.30769 (rounded to 5 decimal points) per day. pay. Example: Period Gross Pay, Salaried Employee Employee Chinson earns an annual salary of $24,000 and is paid semimonthly. Period gross pay = $24,000 / 24 = $1,000 gross pay For pay periods with holiday hours: determine the amount paid per day, multiply by the number of days applicable to each pay. Annual salary: $24,000 / (52 * 5) = $24,000 / 260 = $92.30769 (rounded to 5 decimal points) per day. After the gross pay has been calculated, round the result to only two decimal points prior to calculating taxes or other withholdings. Employees are paid for the following holidays occurring during the final quarter: Thanksgiving day and the day after, Thursday and Friday, November 28-29. Christmas, which is a Wednesday. Employees receive holiday pay for Tuesday, December 24, and Wednesday, December 25. For the completion of this project, refer to the tax-related information in the table below. For federal withholding calculations, use the percentage method tables in Appendix C, which is provided below. For Utah state withholding calculations, use the Utah Schedule 3 tax tables linked below (ensure to use the appropriate Utah table based on each employee's marital status). Both 401(k) and insurance are pre-tax for federal income tax and Utah income tax. Round calculations to get to final tax amounts and 401(k) contributions after calculating gross pay. Federal Withholding Allowance (less 401(k), Section 125) Federal Unemployment Rate (employer only) (less Section 125) Semimonthly Federal Percentage Method Tax Table State Unemployment Rate (employer only) (less Section 125) State Withholding Rate (less 401(k), Section 125) $175.00 per allowance claimed 0.6% on the first $7,000 of wages Appendix C Table #3 2.6% on the first $35, 300 of wages See Utah Schedule 3, Table A-l or use the Excel Version of Schedule 3 October 1: Wayland Custom Woodworking (WCW) pays its employees according to their job classification. The following employees comprise Wayland's staff: Employee Number 00-Chins Name and Address Anthony Chinson 530 Sylvann Avenue Logan, UT 84321 435-555-1212 Job title: Account Executive Payroll information Married, 1 Withholding allowance Exempt $24,000/year + commission Start Date: 10/1/2019 SSN: 511-22-3333 00-Wayla Mark Wayland 1570 Lovett Street Logan, UT 84321 435-555-1110 Job title: President/Owner Married, 5 withholding allowances Exempt $75,000/year Start Date: 10/1/2019 SSN: 505-33-1775 01-Peppi Sylvia Peppinico 291 Antioch Road Logan, UT 84321 435-555-2244 Job title: Craftsman Married, 7 withholding allowances Exempt $43,500/year Start Date: 10/1/2019 SSN: 047-55-9951 01-Varde Stevon Varden 333 Justin Drive Logan, UT 84321 435-555-9981 Job title: Craftsman Married, 2 withholding allowances Nonexempt $42,000/year Start Date: 10/1/2019 SSN: 022-66-1131 02-Hisso Leonard Hissop 531 5th Street Logan, UT 84321 435-555-5858 Job title: Purchasing/Shipping Single, 4 withholding allowances Nonexempt $49,500/year Start Date: 10/1/2019 SSN: 311-22-6698 00-Succe Student Success 1650 South Street Logan, UT 84321 435-556-1211 Job title: Accounting clerk Single, 1 withholding allowance Nonexempt $36,000/year Start Date: 10/1/2019 SSN: 555-55-5555 The departments are as follows: Department 00: Sales and Administration Department 01: Factory workers Department 02: Delivery and Customer service You have been hired as of October 1 as the new accounting clerk. Your employee number is 00-SUCCE. Your name is Student Success. Your address is 1650 South Street, Logan, UT 84321. Your phone number is 435-556-1211, you were born July 16, 1985, your Utah driver's license number is 887743 expiring in 07/16/2024, and your Social Security number is 555- 55-5555. You are considered a nonexempt employee, have one withholding allowance, and paid a rate of $36,000 per year. The balance sheet for WCW as of September 30, 2019, is as follows: $ 112,490.00 Assets Cash Supplies Office Equipment Inventory Vehicle Accumulated Depreciation, Vehicle Building Accumulated Depreciation, Building Land Total Assets Wayland Custom Woodworking Balance Sheet September 30, 2019 Liabilities & Equity $1,125,000.00 Accounts Payable 27,240.00 Salaries and Wages Payable 87,250.00 Federal Unemployment Tax Payable 123,000.00 Social Security Tax Payable 25,000.00 Medicare Tax Payable State Unemployment Tax Payable 164,000.00 Employee Federal Income Tax Payable Employee State Income Tax Payable 35,750.00 401(k) Contributions Payable 1,587,240.00 Employee Medical Premiums Payable Notes Payable Utilities Payable Total Liabilities Owners' Equity Retained Earnings Total Equity Total Liabilities and Equity 224,750.00 337,240.00 1,250,000.00 1,250,000.00 1,587,240.00 Voluntary deductions for each employee are as follows: Name Chinson Wayland Peppinico Deduction Insurance: $50/paycheck 401(k): 3% of gross pay Insurance: $75/paycheck 401(k): 6% of gross pay Insurance: $75/paycheck 401(k): $50 per paycheck Insurance: $50/paycheck 401(k): 4% of gross pay Insurance: $75/paycheck 401(k): 3% of gross pay Insurance: $50/paycheck 401(k): 3% of gross pay Varden Hissop Student For additional instructions on how to navigate and work through through Part 1 of this project, please download the student project guide here. Pay Periods 10/15 to 12/31 (6 periods) (Static) Required: 2. Complete the payroll process for Wayland Custom Woodworking's fourth quarter pay periods. Please note that for pay periods after October 15, you must carry the current ending year to date (YTD) amounts as they appear from the prior pay period from each employee's Employee Earnings Records form (EERF) to the rows titled "Prior Period YTD". Amounts from the current pay period will be auto-populated to the employee EERFs once you complete the payroll register, and will be combined with the prior period YTD amounts to determine the new current ending YTD amounts. For example, if the year to date gross pay for Anthony Chinson is $5,000 after the October 31 pay period, you would take this amount and add it to the appropriate input box for gross pay on the "Prior Period YTD" row for their November 15 EERF. Additionally, you must carry the ending balance from each account in the prior period General Ledger to the following period's General Ledger to the input boxes titled "Ending account balance from the prior period" before posting the payroll journal entries from the current period to the Ledger. Required information For additional instructions on how to carry information from one pay period to another, along with a guided walkthrough example of this process, refer to the project user guide in the project information section above. Sunday Monday 6 13 20 27 7 14 21 28 October Tuesday Wednesday Thursday 1 2 3 8 9 10 15 16 17 22 23 24 29 30 31 Friday 4 11 18 25 Saturday 5 12 19 26 November Wednesday Thursday Sunday Monday Tuesday 3 10 17 24 4 11 18 5 12 19 26 6 13 20 27 7 14 21 28 Friday 1 8 15 22 29 Saturday 2 9 16 23 30 25 Sunday 1 8 15 22 29 Monday 2 9 16 23 30 Tuesday 3 10 17 24 31 December Wednesday Thursday 4 5 11 12 18 19 25 26 Friday 6 13 20 27 Saturday 7 14 21 28 October 15 October 15 is the end of the first pay period for the month of October. Employee pay will be disbursed on October 18, 2019. Any time worked in excess of 88 hours during this pay period is considered overtime for nonexempt employees. Remember that the employees are paid on a semimonthly basis. . Complete the Employee Gross Pay tab. Complete the Payroll Register for October 15. Refer to the Employee Earnings Record Forms for each employee for the current YTD amounts after you have completed the October 15 Payroll Register. Amounts from the current period are auto-populated from the Payroll Register. Complete the General Journal entries for the October 15 payroll. Post the journal entries to the General Ledger. Complete the question by filling in all answers in the tabs below. Employee Gross pay Payroll Register Chinson EERF Wayland EERF Peppinico EERF Varden EERF Hissop EERF Success EERF General Journal General Ledger Compute the hourly rates as well as the gross earnings for regular and overtime pay for each employee for the October 15 pay period. Remember that while you are computing an hourly rate for all employees, the regular pay for exempt employees should be calculated by taking their yearly salary and dividing it by the number of semimonthly pay periods in a year. (Round answers for hourly rate to 5 decimal places and all other answers to 2 decimals.) Show less A Last Name Commission Hourly Rate (Rounded Pay Period Hours 10/1-10/15 to 5 Decimals) $ 11.53846 88 hours (exempt) $ 36.05769 88 hours (exempt) $ 20.91346 88 hours (exempt) $ Chinson Wayland Peppinico Varden 1,500.00 Regular Overtime $ 1,015.38 $ 0.00 $ 3,173.08 $ 0.00 $ 1,840.38 $ 0.00 88 hours 93.25 hours Hissop Success $ 17.3076990 hours $ 1,557.69 $ 51.92 October 31 October 31 is the end of the final pay period for the month. Employee pay will be disbursed on November 4, 2019. Compute the employee pay below. Update the Employees' Earnings Records for the period's pay and update the YTD amount. Any hours exceeding 96 during this pay period are considered overtime for nonexempt employees. Remember that the employees are paid semi-monthly. Complete the Employee Gross Pay tab. Complete the Payroll Register for October 31. You must update the Employee Earnings Record Forms for each employee with the ending YTD amounts from October 15 (the prior pay period) in the "Prior Period YTD" rows. Amounts from the current period are auto-populated from the Payroll Register on the row for October 31. Complete the General Journal entries for the October 31 payroll. Update the General Ledger with the ending ledger balances from the October 15 pay period ledger accounts first, and then post the journal entries from the current period to the General Ledger. Complete the question by filling in all answers in the tabs below. Chinson Employee Gross pay Payroll Register Wayland EERF Peppinico EERF EERF Varden EERF Hissop EERF Success EERF General Journal General Ledger Compute the gross earnings for regular and overtime pay for each employee for the October 31 pay period. Remember that while an hourly rate is shown for all employees, the regular pay for exempt employees should be calculated by taking their yearly salary and dividing it by the number of semimonthly pay periods in a year. The pay rates for each employee have been given from the prior period. (Round your answers to 2 decimals.) Show less Last Name Hourly Rate (Rounded to 5 Decimals) Pay Period Hours 10/16-10/31 Regular Overtime Commission $ 1,750.00 Chinson Wayland Peppinico Varden 96 hours (exempt) 96 hours (exempt) 96 hours (exempt) 100 hours Hissop 103 hours Success 98 hours Employee Gross pay Payroll Register > November 15 Compute the pay for each employee. Update the Employees' Earnings Record for the period's pay and the new YTD amount. Employee pay will be disbursed on November 19, 2019. Any hours exceeding 88 during this pay period are considered overtime for nonexempt employees. Remember that the employees are paid semimonthly. Complete the Employee Gross Pay tab. Complete the Payroll Register for November 15. You must update the Employee Earnings Record Forms for each employee with the ending YTD amounts from October 31 (the prior pay period) in the "Prior Period YTD" rows. Amounts from the current period are auto-populated from the Payroll Register on the row for November 15. Complete the General Journal entries for the November 15 payroll. Update the General Ledger with the ending ledger balances from the October 31 pay period ledger accounts first, and then post the journal entries from the current period to the General Ledger. Complete the question by filling in all answers in the tabs below. Employee Gross pay Payroll Register Chinson EERF Wayland EERF Peppinico EERF Varden EERF Hissop EERF Success EERF General Journal General Ledger Compute the gross earnings for regular and overtime pay for each employee for the November 15 pay period. Remember that while an hourly rate is shown for all employees, the regular pay for exempt employees should be calculated by taking their yearly salary and dividing it by the number of semimonthly pay periods in a year. The pay rates for each employee have been given from the prior period. (Round your answers to 2 decimals.) Show less A Last Name Hourly Rate (Rounded to 5 Decimals) Pay Period Hours 11/01-11/15 Regular Overtime Commission $ 1,050.00 Chinson Wayland Peppinico Varden 88 hours (exempt) 88 hours (exempt) 88 hours (exempt) 96 hours Hissop 91 hours Success 93 hours November 30 Compute the Net Pay for each employee. Employee pay will be disbursed on December 4, 2019. Update the Employees' Earnings Record with the November 30 pay and the new YTD amount. The company is closed and pays for the Friday following Thanksgiving. The employees will receive holiday pay for Thanksgiving and the Friday following. All the hours over 80 are eligible for overtime for nonexempt employees as they were worked during the non- holiday week. Complete the Employee Gross Pay tab. Complete the Payroll Register for November 30. You must update the Employee Earnings Record Forms for each employee with the ending YTD amounts from November 15 (the prior pay period) in the "Prior Period YTD" rows. Amounts from the current period are auto-populated from the Payroll Register on the row for November 30. Complete the General Journal entries for the November 30 payroll. Update the General Ledger with the ending ledger balances from the November 15 pay period ledger accounts first, and then post the journal entries from the current period to the General Ledger. Complete the question by filling in all answers in the tabs below. Employee Gross pay Payroll Register Chinson EERF Wayland EERF Peppinico EERF Varden EERF Hissop EERF Success EERF General Journal General Ledger Compute the gross earnings for regular, overtime, and holiday pay for each employee for the November 30 pay period. Remember that while an hourly rate is shown for all employees, the period pay for exempt employees should be calculated by taking their yearly salary and dividing it by the number of semimonthly pay periods in a year, which should then be split between the number of hours considered regular time and holiday time. The pay rates for each employee have been given from the prior period. (Round your answers to 2 decimals.) Show less Last Name Hourly Rate (Rounded to 5 Decimals) Pay Period Hours 11/16-11/30 Regular Overtime Holiday Commission Chinson 80 hours (exempt - 16 hours Holiday) $ 2,325.00 Wayland 80 hours (exempt - 16 hours Holiday) Peppinico 80 hours (exempt - 16 hours Holiday) Varden 82 hours (16 hours Holiday) Hissop 83 hours (16 hours Holiday) Success 81 hours (16 hours Holiday) Employee Gross pay Payroll Register > December 15 Compute the net pay and update the Employees' Earnings Record with the December 15 pay and the new YTD information. Employee pay will be disbursed on December 19, 2019. Any hours worked in excess of 80 hours during this pay period are considered overtime for nonexempt employees. Complete the Employee Gross Pay tab. Complete the Payroll Register for December 15 Pay. Employee pay will be disbursed on December 20, 2019. . You must update the Employee Earnings Record Forms for each employee with the ending YTD amounts from November 30 (the prior pay period) in the "Prior Period YTD" rows. Amounts from the current period are auto-populated from the Payroll Register on the row for December 15. Complete the General Journal entries for the December 15 payroll. Update the General Ledger with the ending ledger balances from the November 15 pay period ledger accounts first, and then post the journal entries from the current period to the General Ledger. Complete the question by filling in all answers in the tabs below. Employee Gross pay Payroll Register Chinson EERF Wayland EERF Peppinico EERF Varden EERF Hissop EERF Success EERF General Journal General Ledger Compute the gross earnings for regular and overtime pay for each employee for the December 15 pay period. Remember that while an hourly rate is shown for all employees, the regular pay for exempt employees should be calculated by taking their yearly salary and dividing it by the number of semimonthly pay periods in a year. The pay rates for each employee have been given from the prior period. (Round your answers to 2 decimals.) Show less Last Name Hourly Rate (Rounded to 5 Decimals) Pay Period Hours 12/01-12/15 Regular Overtime Holiday Commission 1,680.00 Chinson Wayland Peppinico Varden 80 hours (exempt) 80 hours (exempt) 80 hours (exempt) 84 hours 80 hours Hissop Success 83 hours December 31 The final pay period of the year will not be paid to employees until January 3, 2020. The company will accrue the wages for the final pay period only. Because the pay period is complete, there will not be a reversing entry for the accrual. As a result, paychecks will not be issued for this pay period since they will be paid in the following year and reflected on the Employee Earning Record forms for each employee when paid. The remainder of the employer liability will be paid with the final filing for the year. The company pays for Christmas Eve and the day of Christmas for 2019. Employees will be paid for both Tuesday and Wednesday as holiday pay. Standard time for the pay period was 96 hours, but employees worked extra hours on Saturday during the week of 12/23- 12/27. Reminder, holidays and vacations are not included as hours worked for calculation of overtime. Complete the Employee Gross Pay tab. Complete the Payroll Register for December 31. Complete the General Journal entries for the December 31 payroll. Update the General Ledger with the ending ledger balances from the December 15 pay period ledger accounts first, and then post the journal entries from the current period to the General Ledger. Complete the question by filling in all answers in the tabs below. Employee Gross pay Payroll Register General Journal General Ledger Compute the gross earnings for regular, overtime, and holiday pay for each employee for the December 31 pay period. Remember that while an hourly rate is shown for all employees, the period pay for exempt employees should be calculated by taking their yearly salary and dividing it by the number of semimonthly pay periods in a year, which should then be split between the number of hours considered regular time and holiday time. The pay rates for each employee have been given from the prior period. (Round your answers to 2 decimals.) Show less Last Name Regular Overtime Holiday Commission Hourly Rate (Rounded to 5 Decimals) Pay Period Hours 12/16-12/31 96 hours (exempt - 16 hours Holiday) Chinson $ 1,015.00 Wayland 96 hours (exempt - 16 hours Holiday) Peppinico 96 hours (exempt - 16 hours Holiday) Varden Hissop 98 hours (16 Holiday) 97 hours (16 Holiday) 99 hours (16 Holiday) Success Employee Gross pay Payroll Register > Required information Employee Gross pay Payroll Register Chinson EERF Wayland EERF Peppinico EERF Varden EERF Hissop EERF Success EERF General Journal General Ledger Complete the payroll register for the October 15 pay period. (Round your answers to 2 decimal places.) Run Date 10/15/2019 10/15/2019 Company Name: Wayland Custom Woodworking Check Date 10/18/2019 Payroll End Date Name M/S # of W/H No of Holiday Hours Commissions Gross Earnings 401(k) Insurance No of Hourly Rate No of Regular Overtime Hours Hours $ 11.53846 $ 36.05769 $ 20.91346 Anthony Chinson Mark Wayland Sylvia Peppinico Stevon Varden Leonard Hissop Student F Success Taxable Taxable Wages for Wages for Federal W/H FICA $ 0.00 $ 0 0.00 0 0.00 0 0.00 0 0.00 0 $ 17.30769 0.00 0 Totals $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0 Check No. Gross Name Earning Anthony Chinson Mark Wayland Sylvia Peppinico Stevon Varden Leonard Hissop Student F Success Totals $ Taxable Taxable Wages for Wages for Federal W/H Social Medicare W/H State W/H Tax Net Pay Federal W/H FICA Security Tax $ 0.00 $ 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 174556 174557 174558 0.00 174559 174560 174561 0.00 Employee Gross pay Payroll Register Chinson EERF Wayland EERF Peppinico EERF Varden EERF Hissop EERF Success EERF General Journal General Ledger Complete the General Journal entries for the October 15 payroll. (If no entry is required for a transaction/event, select "No journal required" in the first account field. Round your intermediate computations and final answers to 2 decimal places.) View transaction list Journal entry worksheet October 31 October 31 is the end of the final pay period for the month. Employee pay will be disbursed on November 4, 2019. Compute the employee pay below. Update the Employees' Earnings Records for the period's pay and update the YTD amount. Any hours exceeding 96 during this pay period are considered overtime for nonexempt employees. Remember that the employees are paid semi-monthly. Complete the Employee Gross Pay tab. Complete the Payroll Register for October 31. You must update the Employee Earnings Record Forms for each employee with the ending YTD amounts from October 15 (the prior pay period) in the "Prior Period YTD" rows. Amounts from the current period are auto-populated from the Payroll Register on the row for October 31. Complete the General Journal entries for the October 31 payroll. Update the General Ledger with the ending ledger balances from the October 15 pay period ledger accounts first, and then post the journal entries from the current period to the General Ledger. Complete the question by filling in all answers in the tabs below. Chinson Employee Gross pay Payroll Register Wayland EERF Peppinico EERF EERF Varden EERF Hissop EERF Success EERF General Journal General Ledger Compute the gross earnings for regular and overtime pay for each employee for the October 31 pay period. Remember that while an hourly rate is shown for all employees, the regular pay for exempt employees should be calculated by taking their yearly salary and dividing it by the number of semimonthly pay periods in a year. The pay rates for each employee have been given from the prior period. (Round your answers to 2 decimals.) Show less Last Name Hourly Rate (Rounded to 5 Decimals) Pay Period Hours 10/16-10/31 Regular Overtime Commission $ 1,750.00 Chinson Wayland Peppinico Varden 96 hours (exempt) 96 hours (exempt) 96 hours (exempt) 100 hours Hissop 103 hours Success 98 hours Employee Gross pay Payroll Register > November 15 Compute the pay for each employee. Update the Employees' Earnings Record for the period's pay and the new YTD amount. Employee pay will be disbursed on November 19, 2019. Any hours exceeding 88 during this pay period are considered overtime for nonexempt employees. Remember that the employees are paid semimonthly. Complete the Employee Gross Pay tab. Complete the Payroll Register for November 15. You must update the Employee Earnings Record Forms for each employee with the ending YTD amounts from October 31 (the prior pay period) in the "Prior Period YTD" rows. Amounts from the current period are auto-populated from the Payroll Register on the row for November 15. Complete the General Journal entries for the November 15 payroll. Update the General Ledger with the ending ledger balances from the October 31 pay period ledger accounts first, and then post the journal entries from the current period to the General Ledger. Complete the question by filling in all answers in the tabs below. Employee Gross pay Payroll Register Chinson EERF Wayland EERF Peppinico EERF Varden EERF Hissop EERF Success EERF General Journal General Ledger Compute the gross earnings for regular and overtime pay for each employee for the November 15 pay period. Remember that while an hourly rate is shown for all employees, the regular pay for exempt employees should be calculated by taking their yearly salary and dividing it by the number of semimonthly pay periods in a year. The pay rates for each employee have been given from the prior period. (Round your answers to 2 decimals.) Show less A Last Name Hourly Rate (Rounded to 5 Decimals) Pay Period Hours 11/01-11/15 Regular Overtime Commission $ 1,050.00 Chinson Wayland Peppinico Varden 88 hours (exempt) 88 hours (exempt) 88 hours (exempt) 96 hours Hissop 91 hours Success 93 hours November 30 Compute the Net Pay for each employee. Employee pay will be disbursed on December 4, 2019. Update the Employees' Earnings Record with the November 30 pay and the new YTD amount. The company is closed and pays for the Friday following Thanksgiving. The employees will receive holiday pay for Thanksgiving and the Friday following. All the hours over 80 are eligible for overtime for nonexempt employees as they were worked during the non- holiday week. Complete the Employee Gross Pay tab. Complete the Payroll Register for November 30. You must update the Employee Earnings Record Forms for each employee with the ending YTD amounts from November 15 (the prior pay period) in the "Prior Period YTD" rows. Amounts from the current period are auto-populated from the Payroll Register on the row for November 30. Complete the General Journal entries for the November 30 payroll. Update the General Ledger with the ending ledger balances from the November 15 pay period ledger accounts first, and then post the journal entries from the current period to the General Ledger. Complete the question by filling in all answers in the tabs below. Employee Gross pay Payroll Register Chinson EERF Wayland EERF Peppinico EERF Varden EERF Hissop EERF Success EERF General Journal General Ledger Compute the gross earnings for regular, overtime, and holiday pay for each employee for the November 30 pay period. Remember that while an hourly rate is shown for all employees, the period pay for exempt employees should be calculated by taking their yearly salary and dividing it by the number of semimonthly pay periods in a year, which should then be split between the number of hours considered regular time and holiday time. The pay rates for each employee have been given from the prior period. (Round your answers to 2 decimals.) Show less Last Name Hourly Rate (Rounded to 5 Decimals) Pay Period Hours 11/16-11/30 Regular Overtime Holiday Commission Chinson 80 hours (exempt - 16 hours Holiday) $ 2,325.00 Wayland 80 hours (exempt - 16 hours Holiday) Peppinico 80 hours (exempt - 16 hours Holiday) Varden 82 hours (16 hours Holiday) Hissop 83 hours (16 hours Holiday) Success 81 hours (16 hours Holiday) Employee Gross pay Payroll Register > December 15 Compute the net pay and update the Employees' Earnings Record with the December 15 pay and the new YTD information. Employee pay will be disbursed on December 19, 2019. Any hours worked in excess of 80 hours during this pay period are considered overtime for nonexempt employees. Complete the Employee Gross Pay tab. Complete the Payroll Register for December 15 Pay. Employee pay will be disbursed on December 20, 2019. . You must update the Employee Earnings Record Forms for each employee with the ending YTD amounts from November 30 (the prior pay period) in the "Prior Period YTD" rows. Amounts from the current period are auto-populated from the Payroll Register on the row for December 15. Complete the General Journal entries for the December 15 payroll. Update the General Ledger with the ending ledger balances from the November 15 pay period ledger accounts first, and then post the journal entries from the current period to the General Ledger. Complete the question by filling in all answers in the tabs below. Employee Gross pay Payroll Register Chinson EERF Wayland EERF Peppinico EERF Varden EERF Hissop EERF Success EERF General Journal General Ledger Compute the gross earnings for regular and overtime pay for each employee for the December 15 pay period. Remember that while an hourly rate is shown for all employees, the regular pay for exempt employees should be calculated by taking their yearly salary and dividing it by the number of semimonthly pay periods in a year. The pay rates for each employee have been given from the prior period. (Round your answers to 2 decimals.) Show less Last Name Hourly Rate (Rounded to 5 Decimals) Pay Period Hours 12/01-12/15 Regular Overtime Holiday Commission 1,680.00 Chinson Wayland Peppinico Varden 80 hours (exempt) 80 hours (exempt) 80 hours (exempt) 84 hours 80 hours Hissop Success 83 hours December 31 The final pay period of the year will not be paid to employees until January 3, 2020. The company will accrue the wages for the final pay period only. Because the pay period is complete, there will not be a reversing entry for the accrual. As a result, paychecks will not be issued for this pay period since they will be paid in the following year and reflected on the Employee Earning Record forms for each employee when paid. The remainder of the employer liability will be paid with the final filing for the year. The company pays for Christmas Eve and the day of Christmas for 2019. Employees will be paid for both Tuesday and Wednesday as holiday pay. Standard time for the pay period was 96 hours, but employees worked extra hours on Saturday during the week of 12/23- 12/27. Reminder, holidays and vacations are not included as hours worked for calculation of overtime. Complete the Employee Gross Pay tab. Complete the Payroll Register for December 31. Complete the General Journal entries for the December 31 payroll. Update the General Ledger with the ending ledger balances from the December 15 pay period ledger accounts first, and then post the journal entries from the current period to the General Ledger. Complete the question by filling in all answers in the tabs below. Employee Gross pay Payroll Register General Journal General Ledger Compute the gross earnings for regular, overtime, and holiday pay for each employee for the December 31 pay period. Remember that while an hourly rate is shown for all employees, the period pay for exempt employees should be calculated by taking their yearly salary and dividing it by the number of semimonthly pay periods in a year, which should then be split between the number of hours considered regular time and holiday time. The pay rates for each employee have been given from the prior period. (Round your answers to 2 decimals.) Show less Last Name Regular Overtime Holiday Commission Hourly Rate (Rounded to 5 Decimals) Pay Period Hours 12/16-12/31 96 hours (exempt - 16 hours Holiday) Chinson $ 1,015.00 Wayland 96 hours (exempt - 16 hours Holiday) Peppinico 96 hours (exempt - 16 hours Holiday) Varden Hissop 98 hours (16 Holiday) 97 hours (16 Holiday) 99 hours (16 Holiday) Success Employee Gross pay Payroll Register > Required information Employee Gross pay Payroll Register Chinson EERF Wayland EERF Peppinico EERF Varden EERF Hissop EERF Success EERF General Journal General Ledger Complete the payroll register for the October 15 pay period. (Round your answers to 2 decimal places.) Run Date 10/15/2019 10/15/2019 Company Name: Wayland Custom Woodworking Check Date 10/18/2019 Payroll End Date Name M/S # of W/H No of Holiday Hours Commissions Gross Earnings 401(k) Insurance No of Hourly Rate No of Regular Overtime Hours Hours $ 11.53846 $ 36.05769 $ 20.91346 Anthony Chinson Mark Wayland Sylvia Peppinico Stevon Varden Leonard Hissop Student F Success Taxable Taxable Wages for Wages for Federal W/H FICA $ 0.00 $ 0 0.00 0 0.00 0 0.00 0 0.00 0 $ 17.30769 0.00 0 Totals $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0 Check No. Gross Name Earning Anthony Chinson Mark Wayland Sylvia Peppinico Stevon Varden Leonard Hissop Student F Success Totals $ Taxable Taxable Wages for Wages for Federal W/H Social Medicare W/H State W/H Tax Net Pay Federal W/H FICA Security Tax $ 0.00 $ 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 174556 174557 174558 0.00 174559 174560 174561 0.00 Employee Gross pay Payroll Register Chinson EERF Wayland EERF Peppinico EERF Varden EERF Hissop EERF Success EERF General Journal General Ledger Complete the General Journal entries for the October 15 payroll. (If no entry is required for a transaction/event, select "No journal required" in the first account field. Round your intermediate computations and final answers to 2 decimal places.) View transaction list Journal entry worksheet