Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Christine Erickson is the payroll accountant for Multi Winds Energy of Lincoln, Nebraska. The employees of Multi Winds Energy are paid biweekly. An employee, Linda
Christine Erickson is the payroll accountant for Multi Winds Energy of Lincoln, Nebraska. The employees of Multi Winds Energy are paid biweekly. An employee, Linda Larson, comes to her on September and requests a pay advance of $ which she will pay back in equal parts on the September and October paychecks. Linda is single with no dependents and is paid $ per year. She contributes percent of her pay to a k plan and has $ per paycheck deducted for a courtordered garnishment. Assume that no pretax deductions exist for any employee and box is not checked.
Required:
Compute her net pay for her September paycheck. Her state income tax rate is percent. Use the wagebracket tables in Appendix C to determine the federal income tax withholding amount. You do not need to complete the number of hours. Round your intermediate calculations and final answer to decimal places.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started