2-2 Instructions & Directions - Project 2 (Ampersand, Inc

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School

Tarrant County College, Fort Worth *

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Course

1329

Subject

Computer Science

Date

May 10, 2024

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pdf

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4

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Address SSN Federal State Marital W/H Allow. | W/H Allow. | Status Maggie Hough 13 Spruce Street 222-22-2222 1 1 Single Somerset, VT 05363 William Finnegan 7 Smith Boulevard 999-99-9999 | 2 2 Married Somerset, VT 05363 Stacey Jones 8110 Browning Place 555-55-5555 | 2 1 Single Somerset, VT 05363 Francine Stewart 101 Park Court 888-88-8888 | N/A N/A Married Somerset, VT 05363 November 24. All employees of Ampersand, Inc., work a regular 40-hour workweek (thus all hours worked over 40 in a given week are overtime hours), receive overtime pay at a rate of 1.5 times the regular wage rate, and are paid weekly on Saturday for the most recent week (which runs from Sunday through Saturday, but employees never work Three-Month Project: Ampersand, Inc. 227
Earnings and voluntary deduction information for each of the four employees is as follows: ~ EARNINGS AND VOLUNTARY DEDUCTIONS Name Regular Wage Annual Salary Weekly 401(k) Weekly Charitable Rate Deduction Cont. Maggie Hough $14/hour N/A 5% of gross pay | $10 William Finnegan $18/hour N/A 4% of gross pay | $5 Stacey Jones N/A $262,000.44 N/A $15 Francine Stewart N/A $94,000.40 2% of gross pay | N/A The first three quarters of the year have passed, and all payroll-related activity has been properly accounted for as of 9/30/2023. Quarterly payroll data for each of the four employees is as follows: RN e R e St e VA G G U E S O U G I e e e e S e Period Gross Federal State Social Medicare | 401(k) Charitable Earnings Income Tax | Income Tax | Security Tax | Tax Deduction | Cont. Q1 $7,280 $494 $345.80 | $451.36 $105.56 | $364 | $130 Q2 $7,280 $494 $345.80 $451.36 $105.56 | $364 $130 Q3 $7,280 $494 $345.80 $451;36 $105.56 | $364 $130 R N R e e S AT IR AN IR E NN E GAIN s - P TS S e - e Period Gross Federal State Social Medicare | 401(k) Charitable Earnings Income Tax | Income Tax | Security Tax | Tax Deduction | Cont. Q1 $9,360 $312 $449.28 $580.32 $135.72 | $374.40 $65 Q2 $9,360 $312 $449.28 $580.32 $135.72 | $374.40 $65 Q3 [ 39,360 $312 $449.28 $580.32 $135.72 | $374.40 | $65 7 ERE TR e, e S e S ASTTACEY] JONES‘W’ Period Gross Federal State Social Medicare | 401(k) Chaitable Earnings income Tax | Income Tax | Security Tax | Tax Deduction | Cont. Q1 $65,500.11 | $14,683.76 | $3,274.96 $4,061.07 $949.78 | $0 $195 Q2 $65,500.11 | $14,683.76 | $3,274.96 $4,061.07 $949.78 | $0 $195 Q3 $65,500.11 | $14,683.76 | $3,274.96 | $1,810.26 $949.78 $0 $195 R e e T e e L Period Gross Federal State Social Medicare | 401(k) Charitable Earnings Income Tax | Income Tax | Security Tax | Tax Deduction | Cont. Q1 $0 $0 $0 $0 $0 $0 $0 Q2 $0 $0 $0 $0 $0 $0 $0 Q3 $1,807.70 | $140 $88.58 $112.08 $26.21 $36.15 $0 228 Payroll Accounting Chapter 7: Year-End Projects
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