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Frances Newberry is the payroll accountant for Pack-It Services of Jackson, Arizona. The employees of Pack-It Services are paid semimonthly. An employee, Glen Riley, comes

Frances Newberry is the payroll accountant for Pack-It Services of Jackson, Arizona. The employees of Pack-It Services are paid semimonthly. An employee, Glen Riley, comes to her on November 6 and requests a pay advance of $1,500, which he will pay back in equal parts on the November 15 and December 15 paychecks. Glen is married with eight withholding allowances and is paid $57,200 per year. He contributes 3 percent of his pay to a 401(k) and has $25 per paycheck deducted for a Section 125 plan. Required: Compute his net pay on his November 15 paycheck. The state income tax rate is 2.88 percent. Use the Wage Bracket Method Tables for Income Tax Withholding in Appendix C. (Round your intermediate calculations and final answer to 2 decimal places.)image text in transcribed

10 $ 55 Wage Bracket Method Tables for Income Tax Withholding MARRIED PersonsSEMIMONTHLY Payroll Period (For Wages Paid through December 31, 2018) And the wages are- And the number of withholding allowances claimed is- At least But less 0 1 2 3 5 6 than The amount of income tax to be withheld is, $1,845 $1,865 $149 $128 $107 1,865 1,885 151 1,885 1.905 154 1,905 1.925 1,925 1.945 1.945 1.965 119 1.985 2005 124 2025 127 2.045 129 2,065 131 2,085 134 1131 2,105 136 1161 2,125 139 2,145 141 2.165 2.185 2.205 1999 ON 140 NNN 0000000000000 OOOOO OoOo N NNNNN COON anana OOON OOON winnaa aaaaa NNN N898 12 114 137 WWNNN DO 000 non con 197 199 202 204 119 12! 124 2.2651 2,285 2,305 2,325 2,345 2,365 2,385 2,405 AR 2,445 2,465 2,485 2,505 545 126 128 131 00 ONO COOP 178 17 179 184 189 210 210 NNNN NNNN in no OOO ON 212 1 191 10 100 89889 222 201 2,565 2,5851 38051 2,645 2,665 2.902 27251 2,745 105 141 NNNNN NO.00 245 201 2521 255 203 400 24 213 LO

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