Continuing Payroll Project: Prevosti Farms and Sugarhouse $-$ EERF $($Static$)$ Section $125$ deduction: $$120$

The company has the following departments:

Department A: Agricultural Workers

Department B: Office Workers

Initial pre$-$tax deductions for each employee are as follows:

The first day of work for Prevostl Farms and Sugarhouse for all employees is February $1,2023.$ February $10$ is the end of the first pay

perlod and includes work completed during the week of February $1-10($weekdays only$).$ Using the payroll reglster, compute the week and recelves overtime for any time worked past that point per company policy. The other hourly employees recelve overtime

pay when they work more than $40$ hours in one week. Joel Schwartz has made $$5,000$ in case sales at a $3$ percent commission rate

during this pay perlod. Remember that the employees are pald 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. Federal withholding tax should be computed using the wage$-$bracket tables in Appendix $C.$ State

withholding tax for Vermont is computed at $3\mathrm{.}35$ percent of taxable wages $($l$.$e$.,$ gross pay less pre$-$tax deductions$).$ The same

deductions are allowed for state as for federal.

February

February $24,2023,$ Is the end of the final pay perlod for the month. Schwartz has sold $$7,500$ of products during this pay perlod at a $3$

percent commission. Pay will be disbursed on February $28,2023,$ and check numbers will continue from the prior payroll. For all

employees, over $32$ hours in the first week will be overtime.

When determining the amount an exempt employee recelves for partial weeks, take thelr salary divided by the number of weeks times

days worked. Annual salary: $$35,000(525)=$$$35,000260=$$$134\mathrm{.}61538($rounded to five decimal points$)$ per day. Once you have

a per$-$day rate, multiply it by the number of days worked. Exempt employee salary information is as follows:

The hours for the nonexempt employees are as follows:

Required:

Complete the payroll register for this pay perlod and update the Employee Earnings Record form for each employee with the

corresponding information. The Step$-2$ of Form W$-4$ Is unchecked. The amount per perlod should be included in the record. As an

example, If an employee elected to contribute $$1,300$ to his or her FSA, the perlod payroll deductlon would be $$1,30026,$ or $$50.$ All

Prevosti Farms and Sugarhouse pays its employees according to their job classification. The following employees make up Sugarhouse's staff: