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. Marks
Address: 1 Elm Street, Anytown, New Jersey 07101
Phone: 555-6075
Part Time checkbox checked
Social Security Number: 567-00-8901
Date of Birth: 12-21-65
Number of Exemptions: 1/single

Pay Period Ending	Date Paid	S	M	T	W	T	F	S	M	T	W	T	F	S	Total Regular Hours	Overtime	Regular Rate	Overtime Rate	Total	Social Security	Medicare	Federal Income Tax	State Income Tax	Net Pay
1-1	1-4		5		5	5	5		5		5	4	6		40		$6.50		$260.00	$16.12	$3.77	$20.00	$6.00	$214.11
1-15	1-18		4	4	4	4	4	2	4	3	4	4	3		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

Month	Cash Receipts	Materials/ Supplies	Gross Payroll	F.I.C.A. Taxes	Bank Charges	Electric	Interest	Insurance	Rent	Telephones	Truck/ Auto	Advertising	Office Expenses	Taxes/ Licenses	Miscellaneous
January	$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	$2.00
February	$3,478.32	874.93	235.40	17.68	7.50	153.10	18.09	210.00	300.00	21.50	28.50
March	3,942.00	724.90	507.00	38.08	11.25	145.81	18.09		300.00	32.10	51.30
December	3,656.52	609.23	520.00	39.78	10.00	169.00	18.09		300.00	23.13	37.62		4.00		71.91
TOTALS	$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 Property	Date Placed in Service	Cost or Other Basis	Business/ Investment Use %	Section 179 Deduction and Special Allowance	Depreciation Prior Years	Basis for Depreciation	Method/ Convention	Recovery Period	Rate or Table %	Depreciation Deduction
Used Equipment--Transmission Jack	1-3	3,000	100%			3,000	200 D.B./H.Y.	7	14.29%	$429
Used Pickup Truck	1-3	8,000	100%			8,000	200 D.B/H.Y.	5	20%	1,600
Used Heavy Duty Tow Truck	1-3	30,000	100%			30,000	200 D.B./H.Y.	5	20%	6,000
Used Equipment--Engine Hoist	1-3	4,000	100%			4,000	200 D.B./H.Y.	7	14.29%	572
										$8,601