Continuing Payroll Project: Prevosti Farms and Sugarhouse - EERF (Static) Prevosti Farms and Sugarhouse pays its employees according to their job classification. The following employees make up Sugarhouse's staff: Employee Number A-Mille A-Towle A-Long B-Shang B-Lewis 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 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 Kristen Lewis 840 Daily Hollow Road Bridgewater, VT 05523 802-390-5572 SSN: 076-39-5673 401(k) deduction: 4% 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: $35,000 per year Dependents under 17: 3 Dependents over 17: 1 Step 4 information: none 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: $15.00 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: $15.00 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: $15.00 per hour Dependents under 17: 0 Dependents over 17: 1 Step 4 information: none 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 B-Lewis B-Schwa B-Prevo Student Success 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 Toni Prevosti 820 Westminster Road Bridgewater, VT 05520 802-555-3456 SSN: 055-22-0443 401(k) deduction: 6% Section 125 deduction: $155 Student B. Success 1644 Smitten Road Woodstock, VT 05001 (555) 555-5555 SSN: 555-55-5555 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: $32,000 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: $32,000 per year base plus 3% commission per case sold Dependents under 17: 2 Dependents over 17: 0 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: $45,000 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: $34,000 per year Dependents under 17: 0 Dependents over 17: 0 Step 4 information: none The company has the following departments: Department A: Agricultural Workers Department B: Office Workers Initial pre-tax deductions for each employee are as follows: Name Millen Towle Deduction Insurance: $155 per paycheck 401(k): 3% of gross pay Insurance: $100 per paycheck 401(k): 5% of gross pay The company has the following departments: Department A: Agricultural Workers Department B: Office Workers Initial pre-tax deductions for each employee are as follows: Name Millen Towle Long Shangraw Lewis Schwartz Prevosti Success Deduction Insurance: $155 per paycheck 401(k) 3% of gross pay Insurance: $100 per paycheck 401(k): 5% of gross pay Insurance: $155 per paycheck 401(k): 2% of gross pay Insurance: $100 per paycheck 401(k): 3% of gross pay Insurance: $155 per paycheck 401(k) 4% of gross pay Insurance: $100 per paycheck 401(k) 5% of gross pay Insurance: $155 per paycheck 401(k) 6% of gross pay Insurance: $100 per paycheck 401(k): 2% of gross pay 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). Using the payroll register, 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 $5,000 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. Federal withholding tax should be computed using the wage-bracket tables in Appendix C. State withholding tax for Vermont is computed at 3.35 percent of taxable wages (i.e., gross pay less pre-tax deductions). The same deductions are allowed for state as for federal. February Sunday Monday Tuesday Wednesday Thursday Friday Saturday 1 2 3 4 26 5222 12 13 19 20 27 6307 7 8 9 10 11 14 15 16 17 18 21 22 23 24 25 28 February 24, 2023, is the end of the final pay period for the month. Schwartz has sold $7,500 of products during this pay period 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 receives for partial weeks, take their salary divided by the number of weeks times days worked. Annual salary: $35,000 (52 5) = $35,000 260 = $134.61538 (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: Name Annual Salary Notes Millen $ 35,000 Lewis $ 32,000 Schwartz $ 32,000 plus 3% commission on sales Prevosti $ 45,000 The hours for the nonexempt employees are as follows: Hours Worked Hourly Rate 2/1 to 2/10 Name Towle $ 15.00 64 hours Long $ 15.00 66 hours Shangraw $ 15.00 32 hours Success (You) $ 16.35 65 hours Name Hourly Rate Hours Worked 2/11 to 2/24 Towle $ 15.00 83 hours Long $ 15.00 80 hours Shangraw $ 15.00 42 hours Success (You) $ 16.35 81 hours Required: Employee Millen Flex-Time Yes Child Care Assistance (under $5,000 annually) FSA (annual) Complete the payroll register for this pay period 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 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. All insurance and 401(k) deductions are pre-tax for federal and state. Benefit-related payroll deductions will take effect on the first pay period of March. Life Insurance (at 1% of annual salary value) Long-Term Care Insurance ($15 Educational Assistance ($4,000 annually) per period) Gym Membership ($15 per month) 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 Student No No $ 300.00 Yes No No Yes Yes Complete this question by entering your answers in the table below. Payroll Register 021023 Payroll Register 022422 Thomas Millen Avery Towle Charlie Long Mary Shangraw Kristen Lewis Joel Schwartz Toni Prevosti Student Success Complete the payroll register form for the pay period ending February 10th 2023 for each employee with the corresponding information. Note: Round your answers for "Hourly Rate" or "Period Wage" to 5 decimal places. Round all other intermediate computations and final answers to 2 decimal P/R End Date 2/10/2023 Company Name: Pr Payroll Register 021023 Payroll Register 022422 Thomas Millen Avery Towle Charlie Long Mary Shangraw Kristen Lewis Joel Schwartz Toni Prevosti Student Success Complete the payroll register form for the pay period ending February 10th 2023 for each employee with the corresponding information. Note: Round your answers for "Hourly Rate" or "Period Wage" to 5 decimal places. Round all other intermediate computations and final answers to 2 decimal places. P/R End Date Check Date 2/10/2023 2/14/2023 Company Name: Prevosti Farms and Sugarhouse Number of Name Filing Status Dependents Hourly Rate or Period Wage Number of Regular Hours Overtime Hours Number of Holiday Hours Commissions Gross Earnings Thomas Millen Avery Towle MJ S 3