Question
February 23, 2018, is the end of the final pay period for the month. Schwartz has sold $7,500 of product during this pay period at
February 23, 2018, is the end of the final pay period for the month. Schwartz has sold $7,500 of product during this pay period at a 3 percent commission. Pay will be disbursed on February 26, 2018, and check numbers will continue from prior payroll. The hours for the nonexempt employees are as follows: Name Hourly rate Hours worked 2/52/9 Towle $ 12.00000 35 hours Long $ 12.50000 40 hours Shangraw $ 10.50000 21 hours Success (You) $ 18.68132 35 hours Name Hourly rate Hours worked 2/12-2/23 Towle $ 12.00000 80 hours Long $ 12.50000 70 hours Shangraw $ 10.50000 42 hours Success (You) $ 18.68132 71 hours Required: Complete the payroll register for this pay period and update the Employee Earnings Record form for each employee with the corresponding information. 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. Ensure to input an hourly rate for each employee (including those that are salaried) that is rounded to 5 decimal places. 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 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?
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