Prevosti Farms and Sugarhouse pays its employees according to their job classification. The following employees make...
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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: 2-3-2020 1022 Forest School Road DOB: 12-16-1982 Position: Production Manager PT/FT: FT, exempt M/S: Married/Joint Pay Rate: $41,000/year Dependents under 17: 3 Dependents over 17: 1 Step 4 information: none Woodstock, VT 05001 802-478-5055 SSN: 031-11-3456 401 (k) deduction: 3% Section 125 deduction: $155.00 A-Towle Avery Towle Hire Date: 2-3-2020 4011 Route 100 DOB: 7-14-1991 Plymouth, VT 05102 Position: Production Worker PT/FT: FT, nonexempt M/S: Single Pay Rate: $12.20/hour Dependents under 17: Dependents over 17: 0 Step 4 information: none Hire Date: 2-3-2020 802-967-5873 SSN: 089-74-0974 401 (k) deduction: 5% Section 12 deduction: $140.00 A-Long Charlie Long 242 Benedict Road S. DOB: 3-16-1987 Woodstock, VT 05002 802-429-3846 Position: Production Worker PT/FT: FT, nonexempt M/S: Married/Joint SSN: 056-23-4593 401 (k) deduction: 2% Section 125 deduction: $155.00 Pay Rate: $12.30/hour Dependents under 17: 2 Dependents over 17: 0 Step 4 information: none B-Shang Mary Shangraw 1901 Main Street #2 Hire Date: 2-3-2020 DOB: 8-20-1994 Bridgewater, VT 05520 Position: Administrative Assistant PT/FT: PT, nonexempt M/S: Single Pay Rate: $10.10/hour Dependents under 17: 0 Dependents over 17: 1 Step 4 information: none Hire Date: 2-3-2020 802-575-5423 SSN: 075-28-8945 401 (k) deduction: 3% Section 125 deduction: $140.00 B-Lewis Kristen Lewis 840 Daily Hollow Road Bridgewater, VT 05523 DOB: 4-6-1960 Position: Office Manager PT/FT: FT, exempt M/S: Married/Joint Pay Rate: $35,600/year Dependents under 17: 2 Dependents over 17: 1 Step 4 information: none Hire Date: 2-3-2020 802-390-5572 SSN: 076-39-5673 401 (k) deduction: 4% Section 125 deduction: $155.00 B-Schwa Joel Schwartz 55 Maple Farm Way Woodstock, VT 05534 DOB: 5-23-1985 Position: Sales PT/FT: FT, exempt M/S: Married/Joint Pay Rate: $27,000/year base plus 3% 802-463-9985 SSN: 021-34-9876 A01/ deduation: M/S: Married/Joint Pay Rate: $27,000/year base plus 3% commission per case sold Dependents under 17: 2 Dependents over 17: 0 Step 4 information: none SSN: 021-34-9876 401 (k) deduction: 5% Section 125 deduction: $140.00 B-Prevo Toni Prevosti Hire Date: 2-3-2020 820 Westminster Road DOB: 9-18-1967 Bridgewater, VT 05520 802-555-3456 Position: Owner/President РТ/FT: FT, ехempt M/S: Married/Joint Pay Rate: $53,400/year Dependents under 17: 3 Dependents over 17: 2 Step 4 information: none SSN: 055-22-0443 401 (k) deduction: 6% Section 125 deduction: $155.00 В- Student Success Hire Date: 2-3-2020 Student 1644 Smitten Road DOB: 1-1-1991 Position: Accounting clerk PT/FT: FT, nonexempt M/S: Single Pay Rate: $26,208/year Dependents under 17: 0 Dependents over 17: 0 Step 4 information: none Woodstock, VT 05001 (555)-555-5555 SSN: 555-55-5555 401 (k) deduction: 2% Section 125 deduction: $140.00 The departments are as follows: Department A: Agricultural Workers Department B: Office Workers Initial pre-tax deductions for each employee are as follows: Name Deduction Thomas Millen Insurance: $155.00/paycheck 401 (k): 3% of gross pay Marital Status: Married Insurance: $140.00/paycheck 401(k): 5% of gross pay Marital Status: Single Avery Towle Charlie Long Insurance: $155.00/paycheck 401 (k): 2% of gross pay Marital Status: Married Insurance: $140.00/paycheck 401 (k): 3% of gross pay Marital Status: Single Insurance: $155.00/paycheck 401 (k): 4% of gross pay Mary Shangraw Kristen Lewis Marital Status: Married Joel Schwartz Insurance: $140.00/paycheck 401 (k): 5% of gross pay Marital Status: Married Insurance: $155.00/paycheck 401 (k): 6% of gross pay Toni Prevosti Marital Status: Married Student Success Insurance: $140.00/paycheck 401 (k): 2% of gross pay Marital Status: Single Name Deduction Insurance: $155.00/paycheck 401 (k): 3% of gross pay Thomas Millen Marital Status: Married Insurance: $140.00/paycheck 401 (k): 5% of gross pay Marital Status: Single Avery Towle Charlie Long Insurance: $155.00/paycheck 401 (k): 2% of gross pay Marital Status: Married Insurance: $140.00/paycheck 401 (k): 3% of gross pay Marital Status: Single Insurance: $155.00/paycheck 401 (k): 4% of gross pay Mary Shangraw Kristen Lewis Marital Status: Married Insurance: $140.00/paycheck 401 (k): 5% of gross pay Joel Schwartz Marital Status: Married Toni Prevosti Insurance: $155.00/paycheck 401 (k): 6% of gross pay Marital Status: Married Insurance: $140.00/paycheck 401 (k): 2% of gross pay Marital Status: Single Student Success The first day of work for Prevosti Farms and Sugarhouse for all employees is February 3, 2020. February 7 is the end of the first pay period for Prevosti Farms and Sugarhouse and includes work completed during the week of February 3-7. 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 per company policy. The other hourly employees receive overtime pay when they work more than 35 hours in one week. Joel Schwartz has made $4,200 in case sales at a 3 percent commission rate during this pay period. Remember that the employees are paid biweekly. 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 3.35 percent of taxable wages (i.e., gross pay less pre-tax deductions).The same deductions are allowed for state as for federal. February 21, 2020, is the end of the final pay period for the month. Schwartz has sold $6,300 of product during this pay period at a 3 percent commission. Pay will be disbursed on February 26, 2020, and check numbers will continue from prior payroll. The hours for the nonexempt employees are as follows: Hours worked 2/3-2/7 Hourly rate $12.20000 $12.30000 $10.10000 Name Towle 35 hours 40 hours Long Shangraw Success (You) 21 hours $14.40000 35 hours Hours worked Hourly rate $12.20000 $12.30000 $10.10000 Name 2/10-2/21 80 hours 70 hours Towle Long Shangraw Success (You) 42 hours $14.40000 71 hours U20720 U22120 Complete the payroll register form for the pay period ending February 7th 2020 for each employee with the corresponding information. (Round your answers for "Hourly Rate" or "Period Wage" to 5 decimal plac olaces.) P/R End Date 2/7/2020 Company Name: Prevosti Farms and Sugarhouse Check Date 2/12/2020 No. of Hourly rate or Period wage No. of Regular No. of Holiday Hours Таха Name Filing Status Dependents Overtime Commissions Gross Earning 401(K) Insurance Hours F Hours Thomas Millen MJ 3 <17; 1 Other 35 $ 0.00 $ 155.00 Avery Towle Charlie Long S None 12.20000 35 0.00 $ 140.00 MJ 2 <17 12.30000 35 5 0.00 $ 155.00 Mary Shangraw S 1 Other 10.10000 20 0.00 $ 140.00 Kristen Lewis MJ 2 <17; 1 Other 35 0.00 $ 155.00 ces Joel Schwartz MJ 2 <17 35 $ 140.00 Toni Prevosti MJ 3 <17; 2 Other 35 0.00 $ 155.00 Student Success S None 14.40000 35 0.00 $ 140.00 Totals $ 0.00 $ 0.00 2$ 0.00 $ 1,180.00 $ Social Security Taxable Wages for Federal W/H Taxable Wages for FICA Name Gross Earning Federal W/H Medicare W/H State W/H Tax Total Deductions Net Pay Таx Thomas Millen Avery Towle Charlie Long Mary Shangraw Kristen Lewis Joel Schwartz Toni Prevosti Student Success Totals $ 0.00 2$ 0.00 2$ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 < Payroll Register 020720 Payroll Register 022120 > Complete this question by entering your answers in the table below. Payroll Register Payroll Register Thomas Joel Student Mary Shangraw Kristen Avery Towle Charlie Long Toni Prevosti Millen Lewis Schwartz Success 020720 022120 Update the Employee Earnings Record form for Joel Schwartz with the corresponding information. (Round your answers for "Hourly Rate" or "Period Wage" to 5 decimal places. Round all other intermediate c EMPLOYEE EARNINGS REGISTER Name Joel Schwartz Hire Date 2/3/2020 Dependent c Address 55 Maple Farm Way Date of Birth 5/23/1985 Dependent c City/State/Zip Telephone Woodstock, VT 05534 Position Sales Step 4a W-4 802-463-9985 Filing Status Married Step 4b W-4 Social Security Number 021-34-9876 Exempt/Nonexempt Exempt Step 4c W-4 Pay Rate $27,000/year + Commission ces Educational Flex-time Child Care FSA amount Life Ins. Long-tem care Gym Membership Total Benefit Assistance No No $450.00 Yes Yes No Yes Taxable Pay (Federal) Period Ended Hrs Worked Reg Pay ОТ Раy Holiday Comm Gross Pay 401(k) Sec 125 Taxable Pay (FICA) 2/7/2020 35 $ 0.00 2$ 0.00 $ 17.22 2$ 17.22 $ 140.00 2/21/2020 70 $ 0.00 2$ 0.00 $ 0.00 2$ 140.00 Taxable Pay Taxable Pay Federal Social Net Pay YTD Net Pay YTD Gross Pay Period Ended Medicare State Income Tax Total Deductions (Federal) (FICA) Income Tax Security Tax 2/7/2020 2/21/2020 3/8/2020 3/22/2020 4/5/2020 4/19/2020 < Kristen Lewis Toni Prevosti 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: 2-3-2020 1022 Forest School Road DOB: 12-16-1982 Position: Production Manager PT/FT: FT, exempt M/S: Married/Joint Pay Rate: $41,000/year Dependents under 17: 3 Dependents over 17: 1 Step 4 information: none Woodstock, VT 05001 802-478-5055 SSN: 031-11-3456 401 (k) deduction: 3% Section 125 deduction: $155.00 A-Towle Avery Towle Hire Date: 2-3-2020 4011 Route 100 DOB: 7-14-1991 Plymouth, VT 05102 Position: Production Worker PT/FT: FT, nonexempt M/S: Single Pay Rate: $12.20/hour Dependents under 17: Dependents over 17: 0 Step 4 information: none Hire Date: 2-3-2020 802-967-5873 SSN: 089-74-0974 401 (k) deduction: 5% Section 12 deduction: $140.00 A-Long Charlie Long 242 Benedict Road S. DOB: 3-16-1987 Woodstock, VT 05002 802-429-3846 Position: Production Worker PT/FT: FT, nonexempt M/S: Married/Joint SSN: 056-23-4593 401 (k) deduction: 2% Section 125 deduction: $155.00 Pay Rate: $12.30/hour Dependents under 17: 2 Dependents over 17: 0 Step 4 information: none B-Shang Mary Shangraw 1901 Main Street #2 Hire Date: 2-3-2020 DOB: 8-20-1994 Bridgewater, VT 05520 Position: Administrative Assistant PT/FT: PT, nonexempt M/S: Single Pay Rate: $10.10/hour Dependents under 17: 0 Dependents over 17: 1 Step 4 information: none Hire Date: 2-3-2020 802-575-5423 SSN: 075-28-8945 401 (k) deduction: 3% Section 125 deduction: $140.00 B-Lewis Kristen Lewis 840 Daily Hollow Road Bridgewater, VT 05523 DOB: 4-6-1960 Position: Office Manager PT/FT: FT, exempt M/S: Married/Joint Pay Rate: $35,600/year Dependents under 17: 2 Dependents over 17: 1 Step 4 information: none Hire Date: 2-3-2020 802-390-5572 SSN: 076-39-5673 401 (k) deduction: 4% Section 125 deduction: $155.00 B-Schwa Joel Schwartz 55 Maple Farm Way Woodstock, VT 05534 DOB: 5-23-1985 Position: Sales PT/FT: FT, exempt M/S: Married/Joint Pay Rate: $27,000/year base plus 3% 802-463-9985 SSN: 021-34-9876 A01/ deduation: M/S: Married/Joint Pay Rate: $27,000/year base plus 3% commission per case sold Dependents under 17: 2 Dependents over 17: 0 Step 4 information: none SSN: 021-34-9876 401 (k) deduction: 5% Section 125 deduction: $140.00 B-Prevo Toni Prevosti Hire Date: 2-3-2020 820 Westminster Road DOB: 9-18-1967 Bridgewater, VT 05520 802-555-3456 Position: Owner/President РТ/FT: FT, ехempt M/S: Married/Joint Pay Rate: $53,400/year Dependents under 17: 3 Dependents over 17: 2 Step 4 information: none SSN: 055-22-0443 401 (k) deduction: 6% Section 125 deduction: $155.00 В- Student Success Hire Date: 2-3-2020 Student 1644 Smitten Road DOB: 1-1-1991 Position: Accounting clerk PT/FT: FT, nonexempt M/S: Single Pay Rate: $26,208/year Dependents under 17: 0 Dependents over 17: 0 Step 4 information: none Woodstock, VT 05001 (555)-555-5555 SSN: 555-55-5555 401 (k) deduction: 2% Section 125 deduction: $140.00 The departments are as follows: Department A: Agricultural Workers Department B: Office Workers Initial pre-tax deductions for each employee are as follows: Name Deduction Thomas Millen Insurance: $155.00/paycheck 401 (k): 3% of gross pay Marital Status: Married Insurance: $140.00/paycheck 401(k): 5% of gross pay Marital Status: Single Avery Towle Charlie Long Insurance: $155.00/paycheck 401 (k): 2% of gross pay Marital Status: Married Insurance: $140.00/paycheck 401 (k): 3% of gross pay Marital Status: Single Insurance: $155.00/paycheck 401 (k): 4% of gross pay Mary Shangraw Kristen Lewis Marital Status: Married Joel Schwartz Insurance: $140.00/paycheck 401 (k): 5% of gross pay Marital Status: Married Insurance: $155.00/paycheck 401 (k): 6% of gross pay Toni Prevosti Marital Status: Married Student Success Insurance: $140.00/paycheck 401 (k): 2% of gross pay Marital Status: Single Name Deduction Insurance: $155.00/paycheck 401 (k): 3% of gross pay Thomas Millen Marital Status: Married Insurance: $140.00/paycheck 401 (k): 5% of gross pay Marital Status: Single Avery Towle Charlie Long Insurance: $155.00/paycheck 401 (k): 2% of gross pay Marital Status: Married Insurance: $140.00/paycheck 401 (k): 3% of gross pay Marital Status: Single Insurance: $155.00/paycheck 401 (k): 4% of gross pay Mary Shangraw Kristen Lewis Marital Status: Married Insurance: $140.00/paycheck 401 (k): 5% of gross pay Joel Schwartz Marital Status: Married Toni Prevosti Insurance: $155.00/paycheck 401 (k): 6% of gross pay Marital Status: Married Insurance: $140.00/paycheck 401 (k): 2% of gross pay Marital Status: Single Student Success The first day of work for Prevosti Farms and Sugarhouse for all employees is February 3, 2020. February 7 is the end of the first pay period for Prevosti Farms and Sugarhouse and includes work completed during the week of February 3-7. 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 per company policy. The other hourly employees receive overtime pay when they work more than 35 hours in one week. Joel Schwartz has made $4,200 in case sales at a 3 percent commission rate during this pay period. Remember that the employees are paid biweekly. 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 3.35 percent of taxable wages (i.e., gross pay less pre-tax deductions).The same deductions are allowed for state as for federal. February 21, 2020, is the end of the final pay period for the month. Schwartz has sold $6,300 of product during this pay period at a 3 percent commission. Pay will be disbursed on February 26, 2020, and check numbers will continue from prior payroll. The hours for the nonexempt employees are as follows: Hours worked 2/3-2/7 Hourly rate $12.20000 $12.30000 $10.10000 Name Towle 35 hours 40 hours Long Shangraw Success (You) 21 hours $14.40000 35 hours Hours worked Hourly rate $12.20000 $12.30000 $10.10000 Name 2/10-2/21 80 hours 70 hours Towle Long Shangraw Success (You) 42 hours $14.40000 71 hours U20720 U22120 Complete the payroll register form for the pay period ending February 7th 2020 for each employee with the corresponding information. (Round your answers for "Hourly Rate" or "Period Wage" to 5 decimal plac olaces.) P/R End Date 2/7/2020 Company Name: Prevosti Farms and Sugarhouse Check Date 2/12/2020 No. of Hourly rate or Period wage No. of Regular No. of Holiday Hours Таха Name Filing Status Dependents Overtime Commissions Gross Earning 401(K) Insurance Hours F Hours Thomas Millen MJ 3 <17; 1 Other 35 $ 0.00 $ 155.00 Avery Towle Charlie Long S None 12.20000 35 0.00 $ 140.00 MJ 2 <17 12.30000 35 5 0.00 $ 155.00 Mary Shangraw S 1 Other 10.10000 20 0.00 $ 140.00 Kristen Lewis MJ 2 <17; 1 Other 35 0.00 $ 155.00 ces Joel Schwartz MJ 2 <17 35 $ 140.00 Toni Prevosti MJ 3 <17; 2 Other 35 0.00 $ 155.00 Student Success S None 14.40000 35 0.00 $ 140.00 Totals $ 0.00 $ 0.00 2$ 0.00 $ 1,180.00 $ Social Security Taxable Wages for Federal W/H Taxable Wages for FICA Name Gross Earning Federal W/H Medicare W/H State W/H Tax Total Deductions Net Pay Таx Thomas Millen Avery Towle Charlie Long Mary Shangraw Kristen Lewis Joel Schwartz Toni Prevosti Student Success Totals $ 0.00 2$ 0.00 2$ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 < Payroll Register 020720 Payroll Register 022120 > Complete this question by entering your answers in the table below. Payroll Register Payroll Register Thomas Joel Student Mary Shangraw Kristen Avery Towle Charlie Long Toni Prevosti Millen Lewis Schwartz Success 020720 022120 Update the Employee Earnings Record form for Joel Schwartz with the corresponding information. (Round your answers for "Hourly Rate" or "Period Wage" to 5 decimal places. Round all other intermediate c EMPLOYEE EARNINGS REGISTER Name Joel Schwartz Hire Date 2/3/2020 Dependent c Address 55 Maple Farm Way Date of Birth 5/23/1985 Dependent c City/State/Zip Telephone Woodstock, VT 05534 Position Sales Step 4a W-4 802-463-9985 Filing Status Married Step 4b W-4 Social Security Number 021-34-9876 Exempt/Nonexempt Exempt Step 4c W-4 Pay Rate $27,000/year + Commission ces Educational Flex-time Child Care FSA amount Life Ins. Long-tem care Gym Membership Total Benefit Assistance No No $450.00 Yes Yes No Yes Taxable Pay (Federal) Period Ended Hrs Worked Reg Pay ОТ Раy Holiday Comm Gross Pay 401(k) Sec 125 Taxable Pay (FICA) 2/7/2020 35 $ 0.00 2$ 0.00 $ 17.22 2$ 17.22 $ 140.00 2/21/2020 70 $ 0.00 2$ 0.00 $ 0.00 2$ 140.00 Taxable Pay Taxable Pay Federal Social Net Pay YTD Net Pay YTD Gross Pay Period Ended Medicare State Income Tax Total Deductions (Federal) (FICA) Income Tax Security Tax 2/7/2020 2/21/2020 3/8/2020 3/22/2020 4/5/2020 4/19/2020 < Kristen Lewis Toni Prevosti
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Essentials of Statistics for Business and Economics
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7th edition
Authors: David Anderson, Thomas Williams, Dennis Sweeney, Jeffrey Cam
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