Required information The following information applies to th

Required information [The following information applies to the questions displayed below.] Prevosti Farms and Sugarhouse pays its employees according to their job classification. The following employees make up Sugarhouse\'s staff: Employee Number Name and Address Payroll information A-Mille Thomas Millen Hire Date: 2-1-2016 1022 Forest School Rd DOB: 12-16-1982 Woodstock, VT 05001 Position: Production Manager 802-478-5055 PT/FT: FT, nonexempt SSN: 031-11-3456 No. of Exemptions: 4 401(k) deduction: 3% M/S: M Pay Rate: $35,000/year A-Towle Avery Towle Hire Date: 2-1-2016 4011 Route 100 DOB: 7-14-1991 Plymouth, VT 05102 Position: Production Worker 802-967-5873 PT/FT: FT, nonexempt SSN: 089-74-0974 No. of Exemptions: 1 401(k) deduction: 5% M/S: S Pay Rate: $12.00/hour A-Long Charlie Long Hire Date: 2-1-2016 242 Benedict Road DOB: 3-16-1987 S. Woodstock, VT 05002 Position: Production Worker 802-429-3846 PT/FT: FT, nonexempt SSN: 056-23-4593 No. of Exemptions: 2 401(k) deduction: 2% M/S: M Pay Rate: $12.50/hour B-Shang Mary Shangraw Hire Date: 2-1-2016 1901 Main Street #2 DOB: 8-20-1994 Bridgewater, VT 05520 Position: Administrative Assistant 802-575-5423 PT/FT: PT, nonexempt SSN: 075-28-8945 No. of Exemptions: 1 401(k) deduction: 3% M/S: S Pay Rate: $10.50/hour B-Lewis Kristen Lewis Hire Date: 2-1-2016 840 Daily Hollow Road DOB: 4-6-1950 Bridgewater, VT 05523 Position: Office Manager 802-390-5572 PT/FT: FT, exempt SSN: 076-39-5673 No. of Exemptions: 3 401(k) deduction: 4% M/S: M Pay Rate: $32,000/year B-Schwa Joel Schwartz Hire Date: 2-1-2016 55 Maple Farm Way DOB: 5-23-1985 Woodstock, VT 05534 Position: Sales 802-463-9985 PT/FT: FT, exempt SSN: 021-34-9876 No. of Exemptions: 2 401(k) deduction: 5% M/S: M Pay Rate: $24,000/year base plus 3% B-Prevo Toni Prevosti Hire Date: 2-1-2016 10520 Cox Hill Road DOB: 9-18-1967 Bridgewater, VT 05521 Position: Owner/President 802-673-2636 PT/FT: FT, exempt SSN: 055-22-0443 No. of Exemptions: 5 401(k) deduction: 6% M/S: M Pay Rate: $45,000/year S-Student Student F. Success Hire Date: 2-1-2016 1644 Smitten Road DOB: 1-1-1991 Woodstock, VT 05001 Position: 555-555-5555 PT/FT: PT, nonexempt SSN: 555-55-5555 No. of Exemptions: 2 M/S: S Pay Rate: $34,000/year The departments are as follows: Department A: Agricultural Workers Department B: Office Workers Voluntary deductions for each employee are as follows: Name Deduction Thomas Millen Insurance: $155/paycheck 401(k): 3% of gross pay Marital Status: Married Avery Towle Insurance: $100/paycheck 401(k): 5% of gross pay Marital Status: Single Charlie Long Insurance: $155/paycheck 401(k): 2% of gross pay Marital Status: Married Mary Shangraw Insurance: $100/paycheck 401(k): 3% of gross pay Marital Status: Single Kristen Lewis Insurance: $155/paycheck 401(k): 4% of gross pay Marital Status: Married Joel Schwartz Insurance: $100/paycheck 401(k): 5% of gross pay Marital Status: Married Toni Prevosti Insurance: $155/paycheck 401(k): 6% of gross pay Marital Status: Married Student F Success Insurance: $100/paycheck 401(k): 2% of gross pay Marital Status: Single rev: 02_10_2017_QC_CS-78488 [The following information applies to the questions displayed below.] February 12 is the end of the first pay period for Prevosti Farms and Sugarhouse and includes work completed during the week of February 8-12. Using the payroll register, compute the employee gross pay and net 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. 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% commission rate during this pay period. Remember that the employees are paid biweekly. The first day of work for Prevosti Farsm and Sugarhouse for all employees is February 8, 2016. Note that the first pay period comprises only one week of work, but the pay frequency for federal income tax purposes is biweekly. Federal withholding tax should be computed using the wage-bracket tables in Appendix C. State withholding tax for Vermont is computed at 3.55% of taxable wages (i.e., gross pay less pre-tax deductions). he hours for the nonexempt employees are as follows: Name Hourly rate Hours worked 2/8–2/12 Towle $ 12.00 35 hours Long $ 12.50 40 hours Shangraw $ 10.50 21 hours Success (You) $ 34,000/year 35 hours Complete the payroll register for this pay period and update the Employee Earnings Record form for each employee with the corresponding information. Ensure to input an hourly rate for each employee (including those that are salaried) that is rounded to 5 decimal p laces. Tax Year 2016

Solution

NAME HOURLY RATE HOURS WORKED EARNINGS PER WEEK WORKED

TOWLE $12 35hours $12*35HRS= $420

LONG $12.50 40hours $12.50*35hrs + $18.75 * 5hrs= $531.25

SHANGRAW $10.50 21hours $10.50*20hrs + $15.75* 1hr = $225.75

SUCCESS (YOU) $20.238095 35hours $20.238095*35hrs = $708.33333

NOTE : Assumed that overtime rate is 1.5 times more than regular hourly rate .