4. Employee Compensation Record, 5. Annual Summary, and 6. Depreciation Worksheet 4. Employee Compensation Record, 5. Annual Summary, and 6. Depreciation Worksheet Summary: These are examples of the recordkeeping that was done as pertains to the sample in the text. They contain the following information: 4. Employee Compensation Record Name: John E. MarksAddress: 1 Elm Street, Anytown, New Jersey 07101Phone: 555-6075Part Time checkbox checkedSocial Security Number: 567-00-8901Date of Birth: 12-21-65Number of Exemptions: 1/singlePay Period EndingDate PaidSMTWTFSMTWTFSTotal Regular HoursOvertimeRegular RateOvertime RateTotalSocial SecurityMedicareFederal Income TaxState Income TaxNet Pay1-11-4 5 555 5 546 40 $6.50 $260.00$16.12$3.77$20.00$6.00$214.111-151-18 44444243443 40 $6.50 $260.00$16.12$3.77$20.00$6.00$214.11 80 $520.00$32.24$7.54$40.00$12.00$428.22 QUARTERLY TOTALS $1,262.40$78.23$18.31$100.00$30.00$1,035.86 5. Annual Summary MonthCash ReceiptsMaterials/ SuppliesGross PayrollF.I.C.A. TaxesBank ChargesElectricInterestInsuranceRentTelephonesTruck/ AutoAdvertisingOffice ExpensesTaxes/ LicensesMiscellaneousJanuary$4,865.05$1,083.50$520.00$39.78$10.00$175.30$18.09 $300.00$27.00$45.00$85.00$36.00$100.00$2.00February$3,478.32874.93235.4017.687.50153.1018.09210.00300.0021.5028.50 March3,942.00724.90507.0038.0811.25145.8118.09 300.0032.1051.30 December3,656.52609.23520.0039.7810.00169.0018.09 300.0023.1337.62 4.00 71.91TOTALS$47,440.95$10,001.00$5,434.00$408.09$92.30$1,642.37$217.08$420.00$3,600.00$324.09$571.46$85.00$40.00$218.00$344.00 6. Depreciation Worksheet Description of PropertyDate Placed in ServiceCost or Other BasisBusiness/ Investment Use %Section 179 Deduction and Special AllowanceDepreciation Prior YearsBasis for DepreciationMethod/ ConventionRecovery PeriodRate or Table %Depreciation DeductionUsed Equipment--Transmission Jack1-33,000100% 3,000200 D.B./H.Y.714.29%$429Used Pickup Truck1-38,000100% 8,000200 D.B/H.Y.520%1,600Used Heavy Duty Tow Truck1-330,000100% 30,000200 D.B./H.Y.520%6,000Used Equipment--Engine Hoist1-34,000100% 4,000200 D.B./H.Y.714.29%572 $8,601
