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For the February 16 pay date, compute the net pay for each employee for work completed during the week of February 9-13. Once you have computed the net pay (using the wage-bracket tables in?Appendix C), complete the paycheck for each employee (assume that all employees are paid by check). State withholding tax for Vermont is computed at 3% of taxable wages (i.e., gross pay less pre-tax deductions). Date the checks February 16, 2015. The first check number is 5356. Note that the first paycheck comprises only one week of work during the pay period and that the Federal income tax should be determined using the biweekly tables in?Appendix C.

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The hours for the nonexempt employees are as follows:

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Name

Hourly rate

Hours worked

2/9?2/13/15

Gross pay

Avery Towle$12.0035 hours$420.00 ($12 ? 35 hours)Charlie Long$12.5040 hours$531.25 ($12.50 ? 35 hours) + ($12.50 ? 1.5 ? 5 OT hour)Mary Shangraw$10.5021 hours$225.75 ($10.50 ? 20 hours) + ($10.50 ? 1.5 ? 1 OT hour)Student F Success*$18.68 ($34,000 annual salary/26 pay periods/70 hours per pay period)35 hours$653.85 ($34,000 / 52 hours)?

*The hourly rate has been rounded for this table and the payroll register. However, the gross pay should remain unrounded to prevent end of year calculation differences.

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Schwartz has sold $5,000 of product during this pay period. Voluntary deductions for each employee are as follows:

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??NameNo of Exemptions??Deduction??

NameDeductionThomas MillenInsurance: $155/paycheck401(k): 3% of gross payMarital Status: MarriedAvery TowleInsurance: $100/paycheck401(k): 5% of gross payMarital Status: SingleCharlie LongInsurance: $155/paycheck401(k): 2% of gross payMarital Status: MarriedMary ShangrawInsurance: $100/paycheck401(k): 3% of gross payMarital Status: SingleKristen LewisInsurance: $155/paycheck401(k): 4% of gross payMarital Status: MarriedJoel SchwartzInsurance: $100/paycheck401(k): 5% of gross payMarital Status: MarriedToni PrevostiInsurance: $155/paycheck401(k): 6% of gross payMarital Status: MarriedStudent F SuccessInsurance: $100/paycheck401(k): 2% of gross payMarital Status: Single

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-THE FORMS BELOW ARE INTERACTIVE PRESENTATIONS OF OFFICIAL TAX FORMS, BUT ARE NOT OFFICIAL FORMS THEMSELVES.?DO NOT USE THESE FORMS FOR ANY OTHER PURPOSE BESIDES EDUCATIONAL.