You are the payroll accountant for Multi Winds Energy of Cornelius, North Carolina, whose employees are paid biweekly. An employee, L. Larson, comes to you on September 14 and requests a pay advance of $1,000, which will be paid back in equal parts on the September 24 and October 22 paychecks. The employee is single, has no dependents, is paid $52,500 per year, contributes 5 percent of gross pay to a 401(k) plan, and has $250 per paycheck deducted for a court-ordered garnishment. Compute the net pay for the September 24 paycheck. The state income tax rate is 5.25 percent. Use the wage-bracket tables in Appendix C to determine the federal income tax withholding amount. You do not need to complete the number of hours. Assume that no pre-tax deductions exist for the employee and box 2 is not checked.

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Name L. Larson L. Larson Name Hourly Rate or No. of No. of No. of Filing Period Regular Overtime Holiday Commiss Gross Status Dependents Wage Hours Hours Hours ions Earnings 401(k) 125 Taxable Social Wages for Taxable Gross Federal/ Wages Federal Security Earnings State W/H for FICA W/H Tax Medicare Tax State Tax Taxable Wages for Taxable Federal/ Wages for Section State W/H FICA Garnishment Advance Net Pay