Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

Janna is a salaried nonexempt employee in Laramie, Wyoming, who earns $25,000 per year for a standard 40-hour workweek and is paid biweekly. She is

Janna is a salaried nonexempt employee in Laramie, Wyoming, who earns $25,000 per year for a standard 40-hour workweek and is paid biweekly. She is single with one withholding dependent. During the last pay period, she worked 5 hours of overtime. She contributes 3% of her gross pay to her 401(k) on a pre-tax basis and has a garnishment of 10% of her disposable income for a consumer credit garnishment. What is her net pay? (Use the wage-bracket method. Do not round interim calculations, only round final answer to two decimal points.)

2020 Wage Bracket Method Tables for Manual Payroll Systems With Forms W-4 From 2020 or Later
BIWEEKLY Payroll Period
If the Adjusted Wage Amount (line 1h) is Married Filing Jointly Head of Household Single or Married Filing Separately
At least But less than Standard withholding Form W-4, Step 2, Checkbox withholding Standard withholding Form W-4, Step 2, Checkbox withholding Standard withholding Form W-4, Step 2, Checkbox withholding
The Tentative Withholding Amount is:
$805 $820 $0 $34 $10 $49 $34 $65
$820 $835 $0 $35 $11 $51 $35 $67
$835 $850 $0 $37 $13 $53 $37 $69
$850 $865 $0 $38 $14 $54 $38 $70
$865 $880 $0 $40 $16 $56 $40 $72
$880 $895 $0 $42 $17 $58 $42 $74
$895 $910 $0 $43 $19 $60 $43 $76
$910 $925 $0 $45 $20 $62 $45 $78
$925 $940 $0 $47 $22 $63 $47 $79
$940 $955 $0 $49 $23 $65 $49 $81
$955 $970 $1 $51 $25 $67 $51 $83
$970 $985 $2 $52 $26 $69 $52 $85
$985 $1,000 $4 $54 $28 $71 $54 $87
$1,000 $1,015 $5 $56 $29 $72 $56 $88
$1,015 $1,035 $7 $58 $31 $75 $58 $92
$1,035 $1,055 $9 $61 $33 $77 $61 $96
$1,055 $1,075 $11 $63 $35 $79 $63 $101
$1,075 $1,095 $13 $65 $37 $82 $65 $105
$1,095 $1,115 $15 $68 $39 $84 $68 $110
$1,115 $1,135 $17 $70 $41 $87 $70 $114
$1,135 $1,155 $19 $73 $43 $89 $73 $118
$1,155 $1,175 $21 $75 $45 $91 $75 $123
$1,175 $1,195 $23 $77 $47 $94 $77 $127
$1,195 $1,215 $25 $80 $49 $96 $80 $132
$1,215 $1,235 $27 $82 $51 $99 $82 $136
$1,235 $1,255 $29 $85 $53 $101 $85 $140
$1,255 $1,275 $31 $87 $55 $103 $87 $145
$1,275 $1,295 $33 $89 $57 $106 $89 $149
$1,295 $1,315 $35 $92 $60 $108 $92 $154
$1,315 $1,335 $37 $94 $62 $111 $94 $158
$1,335 $1,355 $39 $97 $64 $113 $97 $162
$1,355 $1,375 $41 $99 $67 $115 $99 $167
$1,375 $1,395 $43 $101 $69 $118 $101 $171
$1,395 $1,415 $45 $104 $72 $122 $104 $176
$1,415 $1,435 $47 $106 $74 $126 $106 $180
$1,435 $1,455 $49 $109 $76 $130 $109 $184
$1,455 $1,475 $51 $111 $79 $135 $111 $189
$1,475 $1,495 $53 $113 $81 $139 $113 $193
$1,495 $1,515 $55 $116 $84 $144 $116 $198
$1,515 $1,535 $57 $118 $86 $148 $118 $202
$1,535 $1,555 $59 $121 $88 $152 $121 $206
$1,555 $1,575 $61 $123 $91 $157 $123 $211
$1,575 $1,595 $63 $125 $93 $161 $125 $215
$1,595 $1,615 $65 $128 $96 $166 $128 $220
$1,615 $1,635 $67 $130 $98 $170 $130 $224
$1,635 $1,655 $69 $133 $100 $174 $133 $228
$1,655 $1,675 $71 $135 $103 $179 $135 $233
$1,675 $1,695 $73 $137 $105 $183 $137 $237
$1,695 $1,715 $75 $140 $108 $188 $140 $242
$1,715 $1,735 $77 $142 $110 $192 $142 $246
$1,735 $1,755 $80 $145 $112 $196 $145 $250
$1,755 $1,775 $82 $147 $115 $201 $147 $255
$1,775 $1,795 $85 $149 $117 $205 $149 $259
$1,795 $1,815 $87 $152 $120 $210 $152 $264
$1,815 $1,835 $89 $154 $122 $214 $154 $268
$1,835 $1,855 $92 $157 $124 $218 $157 $272
$1,855 $1,875 $94 $159 $127 $223 $159 $277
$1,875 $1,895 $97 $161 $129 $227 $161 $281
$1,895 $1,925 $100 $164 $132 $233 $164 $287
$1,925 $1,955 $103 $168 $136 $239 $168 $295
$1,955 $1,985 $107 $172 $139 $246 $172 $302
$1,985 $2,015 $110 $175 $143 $252 $175 $309
$2,015 $2,045 $114 $180 $147 $260 $180 $316
$2,045 $2,075 $118 $186 $150 $267 $186 $323
$2,075 $2,105 $121 $193 $154 $274 $193 $331
$2,105 $2,135 $125 $200 $157 $281 $200 $338
$2,135 $2,165 $128 $206 $161 $288 $206 $345

Multiple Choice

  • $786.96

  • $713.90

  • $834.51

  • $798.90

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Foundations Of Finance

Authors: Arthur J. Keown, John H. Martin, J. William Petty

9th Edition

9780134083285

Students also viewed these Accounting questions