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Although the company has already established medical and retirement plan benefits, Toni Prevosti wants to consider other benefits to attract employees. As the company's
Although the company has already established medical and retirement plan benefits, Toni Prevosti wants to consider other benefits to attract employees. As the company's accountant, you have been tasked with annotating employee earnings records with benefit elections for each employee. The following sheet contains details of employee choices. Benefit-related payroll deductions will take effect on the first pay period of March. Flex- Employee time Millen Yes Towle Long No Yes Shangraw Yes Lewis No Schwartz No Prevosti Yes Student No Child care assistance (under $5,000 annually). Yes No Yes No No No No No Name Address FSA (annual) 500.00 $ $ 1,200.00 $ 700.00 $ 200.00 $1,600.00 $ 450.00 $ 900.00 $ 300.00 Thomas Millen Avery Towle Charlie Long City/State/Zip Telephone Social Security Number Position Complete the question by entering your answers in the tabs below. Cost per period Flex-time Educational assistance $4,000 annually No Yes Yes No No Yes No Yes Thomas Millen 1022 Forest School Rd Woodstock/VT/05001 Annotate the Employee Earning Records with payroll-related benefit elections. The amount per period should be included in the record. As an example, if an employee elected to contribute $1,300 to his or her FSA, the period payroll deduction would be $1,300/26, or $50. Estimated yearly earnings for hourly employees have been given for ease of computation. 802-478-5055 031-11-3456 Production Manager Life insurance (at 18 of annual salary value) Mary Shangraw Complete the Employee Information Form for Thomas Millen. (Round your answers to 2 decimal places.) EMPLOYEE EARNINGS RECORD Yes No Yes Yes Yes Yes Yes No Child Care FSA amount Educ. Assist. Life Ins. Long-term care insurance $15 per Kristen Lewis Joel Schwartz Toni Prevosti period No Long-term care No No No Yes No < Thomas Millen No No Hire Date Date of Birth Exempt/Nonexempt Married/Single (M or S) Number of exemptions Yearly Salary/Earnings Gym Student Success 2/1/2017 12/16/1982 Exempt M 4 Gym membership $15.00 per month Yes Yes Yes No No Yes Yes Yes $ Total Benefits Election $ 0.00 Avery Towle > 39,500.00 Year
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