12 6 preparing a payroll register answers

Complete the Payroll Register for the 2/12 and 2/26 biweekly pay periods. Use the Wage Bracket Method Tables for Income Tax Withholding in Appendix C. Employee Number A-Mille Name and Address Thomas Millen 1022 Forest School Rd Woodstock, VT 05001 802-478-5055 SSN: 031-11-3456 401(k) deduction: 3% Payroll information Hire Date: 2-1-2016 DOB: 12-16-1982 Position: Production Manager PT/FT: FT, nonexempt No. of Exemptions: 4 M/S: M Pay Rate: $35,000/year A-Towle Avery Towle 4011 Route 100 Plymouth, VT 05102 802-967-5873 SSN: 089-74-0974 401(k) deduction: 5% Hire Date: 2-1-2016 DOB: 7-14-1991 Position: Production Worker PT/FT: FT, nonexempt No. of Exemptions: 1 M/S: S Pay Rate: $12.00/hour A-Long Charlie Long 242 Benedict Road S. Woodstock, VT 05002 802-429-3846 SSN: 056-23-4593 401(k) deduction: 2% Hire Date: 2-1-2016 DOB: 3-16-1987 Position: Production Worker PT/FT: FT, nonexempt No. of Exemptions: 2 M/S: M Pay Rate: $12.50/hour B-Shang Mary Shangraw 1901 Main Street #2 Hire Date: 2-1-2016 DOB: 8-20-1994 Position: Administrative Assistant PT/FT: PT, nonexempt No. of Exemptions: 1 M/S: S Pay Rate: $10.50/hour Bridgewater, VT 05520 802-575-5423 SSN: 075-28-8945 401(k) deduction: 3% B-Lewis Kristen Lewis 840 Daily Hollow Road Bridgewater, VT 05523 802-390-5572 SSN: 076-39-5673 401(k) deduction: 4% Hire Date: 2-1-2016 DOB: 4-6-1950 Position: Office Manager PT/FT: FT, exempt No. of Exemptions: 3 M/S: M Pay Rate: $32,000/year B-Schwa Joel Schwartz 55 Maple Farm Way Woodstock, VT 05534 802-463-9985 SSN: 021-34-9876 401(k) deduction: 5% Hire Date: 2-1-2016 DOB: 5-23-1985 Position: Sales PT/FT: FT, exempt No. of Exemptions: 2 M/S: M Pay Rate: $24,000/year base plus 3% commission per case sold B-Prevo Toni Prevosti 10520 Cox Hill Road Bridgewater, VT 05521 802-673-2636 SSN: 055-22-0443 401(k) deduction: 6% Hire Date: 2-1-2016 DOB: 9-18-1967 Position: Owner/President PT/FT: FT, exempt No. of Exemptions: 5 M/S: M Pay Rate: $45,000/year Student Success Student F. Success 1644 Smitten Rd Woodstock/VT/05001 555-555-5555 SSN: 555-55-5555 Hire Date: 2-1-2016 DOB: 1-1-1991 Position: PT/FT: PT, nonexempt 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 Employee overtime hours are listed in tabs PRF Feb 12 and PRF Feb 26. Voluntary deductions for each employee are as follows: Name Thomas Millen Deduction 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 SuccessInsurance: $100/paycheck 401(k): 2% of gross pay Marital Status: Single Required: 1. 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. All employee hours have been given to you on the payroll register. 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 Farms 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). Complete the payroll register for this pay period. Ensure to input an hourly rate for each employee (including those that are salaried) that is rounded to 5 decimal places. 2. February 26 is the end of the final pay period for the month and includes work completed during the weeks of February 15-19 and 22-26.