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This is what I got, I feel that my FSA Amount, Life Insurance, and gym membership calculation are wrong. Please correct me. Thank you. Thomas
This is what I got, I feel that my FSA Amount, Life Insurance, and gym membership calculation are wrong. Please correct me. Thank you.
Thomas Millen
Flex Time - = Yes
Child Care - = Yes "$ 5,000"
FSA Amount - Yes: $ 500
Educ. Assistant = No: $ 0.00
Life Insurance -Yes: 39,500 *1% = $ 395
Long term Insurance = No $ 0.00
Gym Membership - Yes: $ 15
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. Benefit-related payroll deductions will take effect on the first pay period of March. Child care assistance Educational assistance $4,000 annually Life insurance Long-term care (at 1% of annual insurance $15 per membership $15.00 per month Yes Yes Yes No Flex-(under $5,000 FSA annually) Yes Employee time Millen Towle Long Shangraw Yes Lewis Schwartz No Prevost Yes Student period No No No No Yes No No No (annual) salary value) Yes No Yes Yes Yes Yes Yes No Yes $ 500.00 1,200.00 $ 700.00 200.00 1,600.00 450.00 $ 900.00 300.00 Yes Yes Yes Yes No Yes No No Yes Yes Yes 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. Estimated yearly earnings for hourly employees have been given for ease of computation. Complete the question by entering your answers in the tabs below Thomas Millen Avery Towle Charle Long Shangraw Student Success Mary Kristen Lewis Joel Schwartz Toni Prevosti Complete the Employee Information Form for Thomas Millen. (Round your answers to 2 decimal places.) EMPLOYEE EARNINGS RECORD Thomas Millen 1022 Forest School Rd Woodstock/VT/O5001 802-478-5055 031-11-3456 Hire Date 2/1/2017 12/16/1982 Address City/lState/Zip Telephone Social Security Number Position Date of Birth Married/Single (M or S) Number of exemptions Yearly Salary/Earnings Production Manager 39,500.00Year Total Benefits Election Flex-time Child Care FSA amount Educ. Assist. Life Ins. care Cost per period $ 0.00 Avery Towle 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. Benefit-related payroll deductions will take effect on the first pay period of March. Child care assistance Educational assistance $4,000 annually Life insurance Long-term care (at 1% of annual insurance $15 per membership $15.00 per month Yes Yes Yes No Flex-(under $5,000 FSA annually) Yes Employee time Millen Towle Long Shangraw Yes Lewis Schwartz No Prevost Yes Student period No No No No Yes No No No (annual) salary value) Yes No Yes Yes Yes Yes Yes No Yes $ 500.00 1,200.00 $ 700.00 200.00 1,600.00 450.00 $ 900.00 300.00 Yes Yes Yes Yes No Yes No No Yes Yes Yes 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. Estimated yearly earnings for hourly employees have been given for ease of computation. Complete the question by entering your answers in the tabs below Thomas Millen Avery Towle Charle Long Shangraw Student Success Mary Kristen Lewis Joel Schwartz Toni Prevosti Complete the Employee Information Form for Thomas Millen. (Round your answers to 2 decimal places.) EMPLOYEE EARNINGS RECORD Thomas Millen 1022 Forest School Rd Woodstock/VT/O5001 802-478-5055 031-11-3456 Hire Date 2/1/2017 12/16/1982 Address City/lState/Zip Telephone Social Security Number Position Date of Birth Married/Single (M or S) Number of exemptions Yearly Salary/Earnings Production Manager 39,500.00Year Total Benefits Election Flex-time Child Care FSA amount Educ. Assist. Life Ins. care Cost per period $ 0.00 Avery Towle
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