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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 clections 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 x 0.01 = $500. Employee Millen Towle Long Shangraw Lewis Schwartz Prevosti Student Flex-Time Yes No Yes Yes Childcare Flexible Spending Assistance (under Arrangement (FSA) $5,000 annually) (annual) Yes $500.00 No $1,200.00 Yes $700.00 No $200.00 No $1,600.00 No $450.00 No $900.00 No $300.00 Educational Assistance ($4,000 annually) No Yes Yes No No Yes No Yes Life Insurance (at Long-Term Care 1% of annual salary Insurance ($15 per Gym Membership value) period) ($15 per month) Yes No Yes No No Yes Yes No Yes Yes No No Yes Yes No No Yes Yes No Yes No No Yes No Yes No Yes No 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. 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.) EMPLOYEE EARNINGS RECORD Name Address City/State/Zip Telephone Social Security Number Thomas Millen 1022 Forest School Road Woodstock, VT 05001 802-478-5055 031-11-3456 Hire Date Date of Birth Position Filing Status Exempt/Nonexempt Pay Rate 2/3/2020 12/16/1982 Production Manager ! full-tim- Married Exempt $ 35,000.00 Year Flex-Time Child Care FSA Amount Educational Assistance Life Ins. Long-Term Care Gym Membership Total Benefit Check my Complete the question by entering your answers in the tabs below. Chomas Millen Avery Towle Charlie Long Mary Shangraw Kristen Lewis Joel Schwartz Toni Prevosti Student Success Complete the Employee Information Form for Student Success. (Do not round intermediate calculations. Round your final answers to 2 decimal places.). EMPLOYEE EARNINGS RECORD Name Student Success 1644 Smitten Road Woodstock, VT 05001 555-555-5555 555-55-5555 Depend Depend Step 4a / Address City/State/Zip Telephone Social Security Number full-time Hire Date Date of Birth Position Filing Status Exempt/Nonexempt Pay Rate 2/3/2020 1/1/1991 Accounting Clerk Single Non-exempt $ 34,000.00 Step 4b Step 4c 1 Year Flex-Time Child Care FSA Amount Educational Assistance Life Ins. Long-Term Care Gym Membership Total Benefit 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 Toni Prevosti. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) EMPLOYEE EARNINGS RECORD Name Address City/State/Zip Telephone Social Security Number Toni Prevosti 820 Westminster Road Bridgewater, VT 05520 802-555-3456 055-22-0443 1 full-time Hire Date Date of Birth Position Filing Status Exempt/Nonexempt Pay Rate 2/3/2020 9/19/1967 Owner/President Married Exempt $ 45,000.00 / Year Flex-Time Child Care FSA Amount Educational Assistance Life Ins. Long-Term Care Gym Membership Total Benefit Joel Schwartz Student Success > 4 Continuing Payroll Project 6 Saved Help Save & Exit Check my 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 Mary Shangraw. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) EMPLOYEE EARNINGS RECORD Hire Date Name Address City/State/Zip Telephone Social Security Number Mary Shangraw 1901 Main Street #2 Bridgewater, VT 05520 802-575-5423 075-28-8945 Date of Birth Position Filing Status Exempt/Nonexempt Pay Rate 2/3/2020 8/20/1994 Administrative Assistant 4 Single Non-exempt $ 11.001 Dependent Dependent part-time Step 4a W- Step 4b W- Step 4c W- hour Flex-Time Child Care FSA Amount Educational Assistance Life Ins. Long-Term Care Gym Membership Total Benefit 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 clections 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 x 0.01 = $500. Employee Millen Towle Long Shangraw Lewis Schwartz Prevosti Student Flex-Time Yes No Yes Yes Childcare Flexible Spending Assistance (under Arrangement (FSA) $5,000 annually) (annual) Yes $500.00 No $1,200.00 Yes $700.00 No $200.00 No $1,600.00 No $450.00 No $900.00 No $300.00 Educational Assistance ($4,000 annually) No Yes Yes No No Yes No Yes Life Insurance (at Long-Term Care 1% of annual salary Insurance ($15 per Gym Membership value) period) ($15 per month) Yes No Yes No No Yes Yes No Yes Yes No No Yes Yes No No Yes Yes No Yes No No Yes No Yes No Yes No 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. 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.) EMPLOYEE EARNINGS RECORD Name Address City/State/Zip Telephone Social Security Number Thomas Millen 1022 Forest School Road Woodstock, VT 05001 802-478-5055 031-11-3456 Hire Date Date of Birth Position Filing Status Exempt/Nonexempt Pay Rate 2/3/2020 12/16/1982 Production Manager ! full-tim- Married Exempt $ 35,000.00 Year Flex-Time Child Care FSA Amount Educational Assistance Life Ins. Long-Term Care Gym Membership Total Benefit Check my Complete the question by entering your answers in the tabs below. Chomas Millen Avery Towle Charlie Long Mary Shangraw Kristen Lewis Joel Schwartz Toni Prevosti Student Success Complete the Employee Information Form for Student Success. (Do not round intermediate calculations. Round your final answers to 2 decimal places.). EMPLOYEE EARNINGS RECORD Name Student Success 1644 Smitten Road Woodstock, VT 05001 555-555-5555 555-55-5555 Depend Depend Step 4a / Address City/State/Zip Telephone Social Security Number full-time Hire Date Date of Birth Position Filing Status Exempt/Nonexempt Pay Rate 2/3/2020 1/1/1991 Accounting Clerk Single Non-exempt $ 34,000.00 Step 4b Step 4c 1 Year Flex-Time Child Care FSA Amount Educational Assistance Life Ins. Long-Term Care Gym Membership Total Benefit 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 Toni Prevosti. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) EMPLOYEE EARNINGS RECORD Name Address City/State/Zip Telephone Social Security Number Toni Prevosti 820 Westminster Road Bridgewater, VT 05520 802-555-3456 055-22-0443 1 full-time Hire Date Date of Birth Position Filing Status Exempt/Nonexempt Pay Rate 2/3/2020 9/19/1967 Owner/President Married Exempt $ 45,000.00 / Year Flex-Time Child Care FSA Amount Educational Assistance Life Ins. Long-Term Care Gym Membership Total Benefit Joel Schwartz Student Success > 4 Continuing Payroll Project 6 Saved Help Save & Exit Check my 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 Mary Shangraw. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) EMPLOYEE EARNINGS RECORD Hire Date Name Address City/State/Zip Telephone Social Security Number Mary Shangraw 1901 Main Street #2 Bridgewater, VT 05520 802-575-5423 075-28-8945 Date of Birth Position Filing Status Exempt/Nonexempt Pay Rate 2/3/2020 8/20/1994 Administrative Assistant 4 Single Non-exempt $ 11.001 Dependent Dependent part-time Step 4a W- Step 4b W- Step 4c W- hour Flex-Time Child Care FSA Amount Educational Assistance Life Ins. Long-Term Care Gym Membership Total Benefit