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James Marbury is the payroll accountant at All's Fair Gifts. The employees of Alis 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 Alis 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 poid $52.280 per year Lauren contributes 3 percent of gross poy fa a 401(k) and has $144 per paycheck deducted for a Section 125 plan. Required: Compute the net pay on Lauren's April 15 paycheck. The epplicable state income tax rate is 5.25 percent. Use the percentage minthod for manual payroll systems with Forms W. 4 from 2020 or loter in Append . C to determine the federal income tax. Assume box 2 is net checked. (Round your intermediate calculations and final answer to 2 decimal places.)

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