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James Marbury is the payroll accountant at All's Fair Gifts. The employees of All's Fair Gifts are paid semimonthly. Lauren Stenn comes to him on

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James Marbury is the payroll accountant at All's Fair Gifts. The employees of All's Fair Gifts are paid semimonthly. Lauren Stenn comes to him on April 2. and requests a pay advance of \$1.000, which Lauren will pay back in equal parts on the April 15 and May 15 paychecks. Lauren is single with one dependent under 17 and is paid $51,320 per year. Lauren contributes 3 percent of gross pay to a 401(k) and has $136 per paycheck deducted for a Section 125 plan. Required: Compute the net pay on Lauren's April 15 paycheck. The applicable state income tax rate is 5.25 percent. Use the percentage method for manual payroll systems with Forms W. 4 from 2020 or later in Anpendix. C to determine the federal income tax. Assume box 2 is not checked. (Round your intermediate calculations and final answer to 2 decimal ploces.)

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