Although the company has already established medical and retirement plan benefits, Toni Prevosti wants to consider other benefits to attract employees. As the companys 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. Employee Flex-time Child care assistance (under $5,000 annually) FSA (annual) Educational assistance $4,000 annually Life insurance (at 1% of annual salary value) Long-term care insurance $15 per period Gym membership $15.00 per month Millen Yes Yes $ 500.00 No Yes No Yes Towle No No $ 1,200.00 Yes No No Yes Long Yes Yes $ 700.00 Yes Yes No Yes Shangraw Yes No $ 200.00 No Yes No No Lewis No No $ 1,600.00 No Yes Yes No Schwartz No No $ 450.00 Yes Yes No Yes Prevosti Yes No $ 900.00 No Yes No Yes Student No No $ 300.00 Yes No No Yes 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.

Complete the question by entering your answers in the tabs below.

Thomas Millen

Avery Towle

Charlie Long

Mary Shangraw

Kristen Lewis

Joel Schwartz

Toni Prevosti

Student Success

Complete the Employee Information Form for Thomas Millen. (Round your answers to 2 decimal places.)

EMPLOYEE EARNINGS RECORD

Name

Thomas Millen

Hire Date

2/1/2017

Address

1022 Forest School Rd

Date of Birth

12/16/1982

City/State/Zip

Woodstock/VT/05001

Exempt/Nonexempt

Exempt

Telephone

802-478-5055

Married/Single (M or S)

M

Social Security Number

031-11-3456

Number of exemptions

4

Position

Production Manager

Yearly Salary/Earnings

$35,000.00

/

Year

Flex-time

Child Care

FSA amount

Educ. Assist.

Life Ins.

Long-term care

Gym

Total Benefits Election

Cost per period

Yesselected answer correct

$5,000.00selected answer incorrect

$500.00selected answer incorrect

not attempted

not attempted

$0.00selected answer correct

$15.00selected answer incorrect

$5,515.00