Payroll Accounting Accounting 2017

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 witholding tax for Vermont is computed at 3.55% of taxable wages (i.e., gross pay less pre-tax deductions).

The 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 places.

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