Toni Prevosti is opening a new business, Prevosti Farms and Sugarhouse, a small company that will harvest,

Question:

Toni Prevosti is opening a new business, Prevosti Farms and Sugarhouse, a small company that will harvest, refine, and sell maple syrup products. In subsequent chapters, students will have the opportunity to establish payroll records and complete payroll information for Prevosti Farms and Sugarhouse.

Toni has decided that she needs to hire employees for the business to grow. Complete the application for Prevosti Farms and Sugarhouse’s Employer Identification Number (Form SS-4) with the following information:

Prevosti Farms and Sugarhouse is located at 820 Westminster Road, Bridgewater, Vermont, 05520 (which is also Ms. Prevosti’s home address), phone number 802-555- 3456. Bridgewater is in Windsor County, Vermont. Toni, the responsible party for a Limited Liability Corporation created in the United States with one member (disregarded entity), has decided that Prevosti Farms and Sugarhouse will pay its employees on a biweekly basis. Toni’s Social Security number is 055-22-0443. The beginning date of the business is February 1, 2022. Prevosti Farms and Sugarhouse will use a calendar year as its accounting year. Toni anticipates that she will need to hire six employees initially for the business, three of whom will be agricultural and three who will be office workers. The first date of wage disbursement will be February 10, 2022. Toni has not had a prior EIN. The reason for filling out the SS-4 is the establishment of the new business.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Payroll Accounting 2023

ISBN: 9781264415618

9th Edition

Authors: Jeanette M. Landin, Paulette Schirmer

Question Posted: