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 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 Payroll information Hire Date: 2-1-2021 DOB: 12-16-1992 Position: Production Manager PT/FT: FT, exempt M/S: Married/Joint Pay Rate: $35,000 per year Dependents under 17: 3 Dependents over 17: 1 Step 4 information: none Hire Date: 2-1-2021 DOB: 7-14-2001 Position: Production Worker PT/FT: FT, nonexempt M/S: Single Pay Rate: $12.00 per hour Dependents under 17: 0 Dependents over 17: 0 Step 4 information: none Hire Date: 2-1-2021 DOB: 3-16-1997 Position: Production Worker PT/FT: FT, nonexempt M/S: Married/Joint Pay Rate: $12.50 per hour Dependents under 17: 2 Dependents over 17: 0 Step 4 information: none B-Shang B-Lewis B-Schwa B-Prevo Mary Shangraw 1901 Main Street #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 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 Step 4 information: none Hire Date: 2-1-2021 DOB: 8-20-1999 Position: Administrative Assistant PT/FT: PT, nonexempt M/S: Single Pay Rate: $11.00 per hour Dependents under 17: 0 Dependents over 17: 1 Step 4 information: none Hire Date: 2-1-2021 DOB: 4-6-1985 Position: Office Manager PT/FT: FT, exempt M/S: Married/Joint Pay Rate: $32,000 per year Dependents under 17: 2 Dependents over 17: 1 Step 4 information: none Hire Date: 2-1-2021 DOB: 5-23-1993 Position: Sales PT/FT: FT, exempt M/S: Married/Joint Pay Rate: $24,000 per year base plus 3% commission per case sold Dependents under 17: 2 Dependents over 17: 0 Step 4 information: none Hire Date: 2-1-2021 DOB: 9-18-1987 Position: Owner/President PT/FT: FT, exempt M/S: Married/Joint Pay Rate: $45,000 per year Dependents under 17: 3 Dependents over 17: 2 B-Success Student B. Success 1644 Smitten Road Woodstock, VT 05001 555-555-5555 SSN: 555-55-5555 401(k) deduction: 2% Section 125 deduction: $100 Dependents over 17: 2 Step 4 information: none Hire Date: 2-1-2021 DOB: 1-1-1991 Position: Accounting Clerk PT/FT: nonexempt M/S: Single Pay Rate: $34,000 per year Dependents under 17: 0 Dependents over 17: 0 Step 4 information: none The departments are as follows: Department A: Agricultural Workers Department B: Office Workers The first day of work for Prevosti Farms and Sugarhouse for all employees is February 1, 2021. February 5 is the end of the first pay period and includes work completed during the week of February 1-5. Compute the employee gross pay using 35 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 35 hours in one week. Joel Schwartz has made $5,000 in case sales at a 3 percent commission rate during this pay period. Joel Schwartz's sales are subject to commissions for the 2/19 pay period of $7,500. Remember that the employees are paid biweekly. Note that the first pay period comprises only one week of work, but the pay frequency for federal income tax purposes is biweekly. Exempt employee pay information is as follows: Name Millen Lewis Schwartz Prevosti Annual Salary $ 35,000 $ 32,000 Notes $ 24,000 plus 3% commission on sales $ 45,000 The hours for the nonexempt employees are as follows: Hourly rate Hours worked 2/1-2/5 35 hours 40 hours Name Towle Long $ 12.00000 $ 12.50000 Shangraw $ 11.00000 21 hours Success (You) $ 18.68132 35 hours Name Towle Long Shangraw Success (You) Hourly rate $ 12.00000 Hours worked 2/6-2/19 80 hours 70 hours $ 12.50000 $ 11.00000 40 hours $ 18.68132 71 hours Although the company has already established medical and retirement plan benefits, Toni Prevosti wants to consider other benefits to attract employees. As the company's accountant, you have been tasked with annotating employee earnings records with benefit elections for each employee. The following sheet contains details of employee choices. These costs are employer-paid and will take effect on the first pay period of March. To calculate the life insurance benefit, multiply the employee's annual salary by 1 percent. For example, if an employee earned $50,000 per year, the life insurance would be $50,000 0.01 = $500. Millen Yes Employee Flex-Time Childcare Assistance (under $5,000 annually) Yes Flexible Spending Educational Assistance Life Insurance (at Long-Term Care Arrangement (FSA) (annual) $500.00 ($4,000 annually) 1% of annual salary Insurance ($15 per value) period) Gym Membership ($15 per month) 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 Student No No No $900.00 $300.00 No Yes No Yes 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. The estimated yearly earnings used for insurance purposes for the hourly employees are computed as follows: (hourly wages times number of hours worked per week 52) then divide by 26 pay periods to get an amount per pay period. For example: If Shangraw worked 20 hours per week, the computation is $11/ hour 52 weeks = $11,440 per year. Insurance is computed as $11,440 1% = $114.40 / 26 = $4.40 per pay period. 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. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Name Address City/State/Zip Telephone Social Security Number Thomas Millen 1022 Forest School Road Woodstock, VT 05001 802-478-5055 031-11-3456 EMPLOYEE EARNINGS RECORD Hire Date Date of Birth Position Filing Status Exempt/Nonexempt Pay Rate 2/1/2021 12/16/1992 Dependent child <17 Dependent other 3 1 Production Manager Married Exempt $ 7 full-time Step 4a W-4 information Step 4b W-4 information none none Step 4c W-4 information none 35,000.00 per Year Educational Flex-Time Child Care FSA Amount Assistance Life insurance Long-Term Care Gym Membership Total Benefit Yes Yes $ 19.23 No $ 395.00 No $ 30.00 $ 18,455.00 < Thomas Millen Avery Towle >