P/R End Date Check Date 2/10/2023 2/14/2023 Company Name: Prevosti Farms and Sugarhous Number Number of...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
P/R End Date Check Date 2/10/2023 2/14/2023 Company Name: Prevosti Farms and Sugarhous Number Number of Name Filing Status Dependents Dependents Hourly Rate or Under 17 Over 17 Period Wage of Regular Overtime Hours Hours Number of Holiday Hours Commissions Gross Earnings Thomas Millen MJ 3 1 S 1,350.00000 x 80 0 0 $ 0.00 $ 1,350.00 x Avery Towle S 0 0 16.00000 80 0 0 0.00 $ 1,280.00 x Charlie Long MJ 2 0 16.00000 80 0 0 0.00 $ 1,280.00 Mary Shangraw S 0 1 16.00000 40 0 0 0.00 $ 640.00 X Kristen Lewis MJ 2 1 1,234.61538 x 80 0 0 0.00 $ 1,234.62 X Joel Schwartz MJ 2 0 1,234.61538x 80 0 0 153.00 $ 1,387.62 x Toni Prevosti MJ 3 2 1,738.46154 x 80 x 0 0 0.00 $ 1,738.46 x Student Success S 0 0 16.44231 80 0 0 0.00 $ 1,315.38 x Totals $ 153.00 $ 10,226.08 A-Towle A-Long B-Shang Avery Towle 4011 Route 100 Plymouth, VT 05102 802-967-5873 SSN: 089-74-0974 401(k) deduction: 5% Section 125 deduction: $100 Charlie Long 242 Benedict Road S. Woodstock, VT 05002 802-429-3846 SSN: 056-23-4593 401(k) deduction: 2% Section 125 deduction: $155 Mary Shangraw 1901 Main Street number 2 Bridgewater, VT 05520 802-575-5423 SSN: 075-28-8945 401(k) deduction: 3% Section 125 deduction: $100 Hire Date: 2-1-2023 Date of Birth: 7-14-2001 Position: Production Worker Part Time or Full Time: Full Time, nonexempt Marital Status: Single Pay Rate: $16.00 per hour Dependents under 17: 0 Dependents over 17: 0 Step 4 information: none Hire Date: 2-1-2023 Date of Birth: 3-16-1997 Position: Production Worker Part Time or Full Time: Full Time, nonexempt Marital Status: Married Filing Jointly Pay Rate: $16.00 per hour Dependents under 17: 2 Dependents over 17: 0 Step 4 information: none Hire Date: 2-1-2023 Date of Birth: 8-20-1980 Position: Administrative Assistant Part Time or Full Time: Part Time, nonexempt Marital Status: Single Pay Rate: $16.00 per hour Dependents under 17: 0 Dependents over 17: 1 Step 4 information: none Prevosti Farms and Sugarhouse pays its employees according to their job classification. The following employees make up Sugarhouse's staff: Employee Number A-Mille Name and Address Thomas Millen 1022 Forest School Road Woodstock, VT 05001 802-478-5055 SSN: 031-11-3456 401(k) deduction: 3% Section 125 deduction: $155 Payroll information Hire Date: 2-1-2023 Date of Birth: 12-16-1992 Position: Production Manager Part Time or Full Time: Full Time, exempt Marital Status: Married Filing Jointly Pay Rate: $35,100 per year Dependents under 17: 3 Dependents over 17: 1 Step 4 information: none B-Lewis B-Schwa Kristen Lewis 840 Daily Hollow Road Bridgewater, VT 05523 802-390-5572 SSN: 076-39-5673 401(k) deduction: 4% Section 125 deduction: $155 Joel Schwartz 55 Maple Farm Way Woodstock, VT 05534 802-463-9985 SSN: 021-34-9876 401(k) deduction: 5% Section 125 deduction: $100 Hire Date: 2-1-2023 Date of Birth: 4-6-1991 Position: Office Manager Part Time or Full Time: Full Time, exempt Marital Status: Married Filing Jointly Pay Rate: $32,100 per year Dependents under 17: 2 Dependents over 17: 1 Step 4 information: none Hire Date: 2-1-2023 Date of Birth: 5-23-1993 Position: Sales Part Time or Full Time: Full Time, exempt Marital Status: Married Filing Jointly Pay Rate: $32,100 per year base plus 3% commission per case sold Dependents under 17: 2 Dependents over 17: 0 Step 4 information: none B-Prevo Toni Prevosti 820 Westminster Road Bridgewater, VT 05520 802-555-3456 SSN: 055-22-0443 401(k) deduction: 6% Section 125 deduction: $155 Student Success Student B. Success 1644 Smitten Road Woodstock, VT 05001 555-555-5555 SSN: 555-55-5555 Section 125 deduction: $100 Step 4 information: none Hire Date: 2-1-2023 Date of Birth: 9-19-1987 Position: Owner or President Part Time or Full Time: Full Time, exempt Marital Status: Married Filing Jointly Pay Rate: $45,200 per year Dependents under 17: 3 Dependents over 17: 2 Step 4 information: none Hire Date: 2-1-2023 Date of Birth: 1-1-2001 Position: Accounting Clerk Part Time or Full Time: Full Time, nonexempt Marital Status: Single Pay Rate: $34,200 per year Dependents under 17: 0 Dependents over 17: 0 Step 4 information: none The departments are as follows: Department A: Agricultural Workers Department B: Office Workers The first day of work for Prevosti Farms and Sugarhouse for all employees is February 1, 2023. February 10 is the end of the first pay period and includes work completed during the week of February 1-10 (weekdays only). Compute the employee gross pay using 40 hours as the standard workweek for all employees except Mary Shangraw, who works 20 hours per week and receives overtime for any time worked past that point per company policy. The other hourly employees receive overtime pay when they work more than 40 hours in one week. Joel Schwartz has made $5,100 in case sales at a 3 percent commission rate during this pay period. Remember that the employees are paid biweekly. The pay frequency for federal income tax purposes is biweekly. For nonexempt employees, over 64 hours (8 days at 8 hours per day, except Shangraw who works 4 hours per day) in the first payroll will be overtime. February Sunday Monday TuesdayWednesday Thursday Friday Saturday 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 When determining the amount an exempt employee receives for partial weeks, take their salary divided by the number of weeks times days worked. Annual salary: $35,100 (52 5) = $35,100 260 = $135.00000 (rounded to five decimal points) per day. Once you have a per-day rate, multiply it by the number of days worked. Exempt employee salary information is as follows: Name Annual Salary Notes Millen Lewis $ 35,100 $ 32,100 Schwartz Prevosti $ 32,100 $ 45,200 plus 3% commission on sales The hours for the nonexempt employees are as follows: Hourly rate Hours worked 2/1-2/10 64 hours 66 hours 32 hours Name Towle Long $ 16.00000 $ 16.00000 Shangraw $ 16.00000 Success (You) $ 16.44231 65 hours P/R End Date Check Date 2/10/2023 2/14/2023 Company Name: Prevosti Farms and Sugarhous Number Number of Name Filing Status Dependents Dependents Hourly Rate or Under 17 Over 17 Period Wage of Regular Overtime Hours Hours Number of Holiday Hours Commissions Gross Earnings Thomas Millen MJ 3 1 S 1,350.00000 x 80 0 0 $ 0.00 $ 1,350.00 x Avery Towle S 0 0 16.00000 80 0 0 0.00 $ 1,280.00 x Charlie Long MJ 2 0 16.00000 80 0 0 0.00 $ 1,280.00 Mary Shangraw S 0 1 16.00000 40 0 0 0.00 $ 640.00 X Kristen Lewis MJ 2 1 1,234.61538 x 80 0 0 0.00 $ 1,234.62 X Joel Schwartz MJ 2 0 1,234.61538x 80 0 0 153.00 $ 1,387.62 x Toni Prevosti MJ 3 2 1,738.46154 x 80 x 0 0 0.00 $ 1,738.46 x Student Success S 0 0 16.44231 80 0 0 0.00 $ 1,315.38 x Totals $ 153.00 $ 10,226.08 A-Towle A-Long B-Shang Avery Towle 4011 Route 100 Plymouth, VT 05102 802-967-5873 SSN: 089-74-0974 401(k) deduction: 5% Section 125 deduction: $100 Charlie Long 242 Benedict Road S. Woodstock, VT 05002 802-429-3846 SSN: 056-23-4593 401(k) deduction: 2% Section 125 deduction: $155 Mary Shangraw 1901 Main Street number 2 Bridgewater, VT 05520 802-575-5423 SSN: 075-28-8945 401(k) deduction: 3% Section 125 deduction: $100 Hire Date: 2-1-2023 Date of Birth: 7-14-2001 Position: Production Worker Part Time or Full Time: Full Time, nonexempt Marital Status: Single Pay Rate: $16.00 per hour Dependents under 17: 0 Dependents over 17: 0 Step 4 information: none Hire Date: 2-1-2023 Date of Birth: 3-16-1997 Position: Production Worker Part Time or Full Time: Full Time, nonexempt Marital Status: Married Filing Jointly Pay Rate: $16.00 per hour Dependents under 17: 2 Dependents over 17: 0 Step 4 information: none Hire Date: 2-1-2023 Date of Birth: 8-20-1980 Position: Administrative Assistant Part Time or Full Time: Part Time, nonexempt Marital Status: Single Pay Rate: $16.00 per hour Dependents under 17: 0 Dependents over 17: 1 Step 4 information: none Prevosti Farms and Sugarhouse pays its employees according to their job classification. The following employees make up Sugarhouse's staff: Employee Number A-Mille Name and Address Thomas Millen 1022 Forest School Road Woodstock, VT 05001 802-478-5055 SSN: 031-11-3456 401(k) deduction: 3% Section 125 deduction: $155 Payroll information Hire Date: 2-1-2023 Date of Birth: 12-16-1992 Position: Production Manager Part Time or Full Time: Full Time, exempt Marital Status: Married Filing Jointly Pay Rate: $35,100 per year Dependents under 17: 3 Dependents over 17: 1 Step 4 information: none B-Lewis B-Schwa Kristen Lewis 840 Daily Hollow Road Bridgewater, VT 05523 802-390-5572 SSN: 076-39-5673 401(k) deduction: 4% Section 125 deduction: $155 Joel Schwartz 55 Maple Farm Way Woodstock, VT 05534 802-463-9985 SSN: 021-34-9876 401(k) deduction: 5% Section 125 deduction: $100 Hire Date: 2-1-2023 Date of Birth: 4-6-1991 Position: Office Manager Part Time or Full Time: Full Time, exempt Marital Status: Married Filing Jointly Pay Rate: $32,100 per year Dependents under 17: 2 Dependents over 17: 1 Step 4 information: none Hire Date: 2-1-2023 Date of Birth: 5-23-1993 Position: Sales Part Time or Full Time: Full Time, exempt Marital Status: Married Filing Jointly Pay Rate: $32,100 per year base plus 3% commission per case sold Dependents under 17: 2 Dependents over 17: 0 Step 4 information: none B-Prevo Toni Prevosti 820 Westminster Road Bridgewater, VT 05520 802-555-3456 SSN: 055-22-0443 401(k) deduction: 6% Section 125 deduction: $155 Student Success Student B. Success 1644 Smitten Road Woodstock, VT 05001 555-555-5555 SSN: 555-55-5555 Section 125 deduction: $100 Step 4 information: none Hire Date: 2-1-2023 Date of Birth: 9-19-1987 Position: Owner or President Part Time or Full Time: Full Time, exempt Marital Status: Married Filing Jointly Pay Rate: $45,200 per year Dependents under 17: 3 Dependents over 17: 2 Step 4 information: none Hire Date: 2-1-2023 Date of Birth: 1-1-2001 Position: Accounting Clerk Part Time or Full Time: Full Time, nonexempt Marital Status: Single Pay Rate: $34,200 per year Dependents under 17: 0 Dependents over 17: 0 Step 4 information: none The departments are as follows: Department A: Agricultural Workers Department B: Office Workers The first day of work for Prevosti Farms and Sugarhouse for all employees is February 1, 2023. February 10 is the end of the first pay period and includes work completed during the week of February 1-10 (weekdays only). Compute the employee gross pay using 40 hours as the standard workweek for all employees except Mary Shangraw, who works 20 hours per week and receives overtime for any time worked past that point per company policy. The other hourly employees receive overtime pay when they work more than 40 hours in one week. Joel Schwartz has made $5,100 in case sales at a 3 percent commission rate during this pay period. Remember that the employees are paid biweekly. The pay frequency for federal income tax purposes is biweekly. For nonexempt employees, over 64 hours (8 days at 8 hours per day, except Shangraw who works 4 hours per day) in the first payroll will be overtime. February Sunday Monday TuesdayWednesday Thursday Friday Saturday 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 When determining the amount an exempt employee receives for partial weeks, take their salary divided by the number of weeks times days worked. Annual salary: $35,100 (52 5) = $35,100 260 = $135.00000 (rounded to five decimal points) per day. Once you have a per-day rate, multiply it by the number of days worked. Exempt employee salary information is as follows: Name Annual Salary Notes Millen Lewis $ 35,100 $ 32,100 Schwartz Prevosti $ 32,100 $ 45,200 plus 3% commission on sales The hours for the nonexempt employees are as follows: Hourly rate Hours worked 2/1-2/10 64 hours 66 hours 32 hours Name Towle Long $ 16.00000 $ 16.00000 Shangraw $ 16.00000 Success (You) $ 16.44231 65 hours
Expert Answer:
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
Students also viewed these accounting questions
-
Danone will make a euro 95 million acquisition in Ethiopia, paid in three equal instalments of Ethiopian Birr in 6,12 and 24 months. The spot rate for Birr is 47.9 and one year and two year forward...
-
Let g(x, y, z) = (x cosy + z2. Find each value. (a) g(4, 0, 2) (b) g( -9, (, 3) (c) g(2, (/3, -1) (d) g(3, 6, 1.2)
-
A study of the effect of seatbelt use in head-on passenger car collisions found that drivers using a seatbelt had a 64.1% survival rate, while drivers not using a seatbelt had a 41.5% survival rate....
-
According to Rubenstein (1994: 3): For the first time in accountings sleepy history, there is a growing recognition among accountants and nonaccountants alike that accounting, the value-free,...
-
A small vessel was purchased by a chemical company for $55,000 and is to be depreciated by MACRS depreciation . When its requirements changed suddenly, the chemical company leased the vessel to an...
-
2. Calculate planned ROA (before income tax) for MSM for 2004. You may assume 45 days for receivables, 6 turns for inventory, 30 days for payables and a minimum cash reserve of $500,000
-
During 2020, the following transactions were recorded by the Port Hudson Community Hospital, a private sector not-for-profit institution. 1. Gross charges for patient services, all charged to Patient...
-
A mixture contains wine and water in the ratio 3: 2 and another mixture contains them in the ratio 4:5. How many litres of the latter must be mixed with 3 litres of the former so that the resulting...
-
A firm needs to issue some stocks for a project. It just paid a dividend of $3 per share, and the next dividend will be paid in exactly one year. Its dividend is expected to grow at 5% forever, and...
-
Consider that you are recruited as a Procurement Manager of a large enterprise in Western Australia. You need to identify an appropriate company where you will have access to all relevant document...
-
If a 1,550 CFM dust collector system with cloth filter was purchased for $1,413 and the exponent in the cost capacity equation has a value of 0.68, then a 2,817 CFM dust collector system could be...
-
For years the bakery Ceres has been the only one in the village of Rosslare. Business has been going very well. But these days may soon be over as the Duchateau family is considering entering the...
-
An asset was purchased for $262000. It had an estimated salvage value of $52000 and an estimated useful life of 10 years. After 5 years of use, the estimated salvage value is revised to $40000 but...
-
Accounting QUESTION 3 It took her 9 more months but Marina has managed to save the full $725 plus more to cover fees to pay off the pay-day loan company. However, she forgot to account for the...
-
Kims Konstructions has assembled the following data for a proposed straw-reinforced brick maker (SRBM): SRBM Cost: $26,000 Life: 5 years Revenue (p.a.) $11,000 Operating Expenses (p.a.) $3,000...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-6. On December 12, Irene purchased the building where her store is located. She paid...
-
In the 2012 tax year, Michelle paid the following amounts relating to her 2010 tax return: Tax deficiency..........................................$5,000 Negligence...
-
Teresa is a civil engineer who uses her automobile for business. Teresa drove her automobile a total of 21,732 miles during 2012, of which 95 percent was business mileage. The actual cost of...
-
Continuing problem 6, CardioMeds cost accountants have identified cost totals for the periods production support activities and other overhead. The table below provides this information, along with...
-
The following data relate to the manufacturing activities of MilTech company during November: 1. Sales $400,000 2. Purchases $60,700 3. Expenses include: Light and power for manufacturing: $2,700 ...
-
CardioMed Inc. is a manufacturer of wearable heart monitoring products that automatically detect, record, and transmit abnormal heart rhythms for up to thirty days. In one accounting period the firm...
Study smarter with the SolutionInn App