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This is the problem and the highlighted Gray part is the gym membership question I'm stuck on? Hours worked Name Hourly rate 2/11-2/22 Towle $12.

This is the problem and the highlighted Gray part is the gym membership question I'm stuck on?

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Hours worked Name Hourly rate 2/11-2/22 Towle $12. 60003 60 hours Long $12. 50000 70 hours 50 Shangraw $11. 09000 42 hours Success (You) $16. 68132 71 hours points 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 eBook elections for each employee. The following sheet contains details of employee choices. These costs are employer paid and will take Ask effect on the first pay period of March. Print Child Care Educational Assistance Assistance Life Insurance Long-Term Care Gym References Flex- (under $5,090 FSA ($4, 000 (at 1* of annual Insurance ($15 per Membership Employee Time annually) (annual ) annually) salary value) period) ($15 per month) Millen Yes Yes 508. 80 No Yes No Yes Towle No No 1, 209. 06 Yes No 2 Yes Long Yes Yes 700.80 Yes Yes No Yes Shangraw Yes No 200.08 No Yes No No Lewis No No 1, 600.80 No Yes Yes No Schwartz No No 450.00 Yes Yes No Yes Prevosti Yes No 980.60 No Yes No Yes Student No 300.09 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 yealy earnings used to compute the life insurance deduction for the hourly employees is: (hourly wages times number of hours worked per week * 52 weeks). Multiply the yearly earnings by 1% and divide by 26 pay periods to get the insurance per pay period. Example: Employee earns $11 per hour and works 20 hours a week. ($11 x 20 x 52) = $11.440 estimated annual earnings $11.440 * 1% = $114.40. $114.40 / 26 = $4.40 Insurance amount per pay period. Complete the question by entering your answers in the tabs below

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