Question
Mackenzie is a full-time employee in Austin, Texas, who earns $4,430 per month and is paid semimonthly. She is married filing jointly with one dependent
Mackenzie is a full-time employee in Austin, Texas, who earns $4,430 per month and is paid semimonthly. She is married filing jointly with one dependent under 17 and has indicated Step 2 checkbox withholding. She has a qualified health insurance deduction of $50 per pay period and contributes 3% to her 401(k), both of which are pre-tax deductions. Her additional withholding amount for step 2 is $150.75. What is her net pay? (Use the wage-bracket table. Round your intermediate calculations and final answer to 2 decimal places.)
2021 Wage Bracket Method Tables for Manual Payroll Systems With Forms W-4 From 2020 or Later | |||
SEMIMONTHLY Payroll Period | |||
If the Adjusted Wage Amount (line 1h) is | Married Filing Jointly | ||
---|---|---|---|
At least | But less than | Standard withholding | Form W-4, Step 2, Checkbox withholding |
The Tentative Withholding Amount is: | |||
$ 2,000 | $ 2,020 | $ 99 | $ 170 |
$ 2,020 | $ 2,040 | $ 102 | $ 173 |
$ 2,040 | $ 2,060 | $ 104 | $ 175 |
$ 2,060 | $ 2,090 | $ 107 | $ 178 |
$ 2,090 | $ 2,120 | $ 111 | $ 182 |
$ 2,120 | $ 2,150 | $ 114 | $ 185 |
$ 2,150 | $ 2,180 | $ 118 | $ 189 |
$ 2,180 | $ 2,210 | $ 121 | $ 192 |
$ 2,210 | $ 2,240 | $ 125 | $ 197 |
$ 2,240 | $ 2,270 | $ 129 | $ 204 |
$ 2,270 | $ 2,300 | $ 132 | $ 211 |
$ 2,300 | $ 2,330 | $ 136 | $ 217 |
$ 2,330 | $ 2,360 | $ 139 | $ 224 |
$ 2,360 | $ 2,390 | $ 143 | $ 230 |
$ 2,390 | $ 2,420 | $ 147 | $ 237 |
$ 2,420 | $ 2,450 | $ 150 | $ 244 |
$ 2,450 | $ 2,480 | $ 154 | $ 250 |
Multiple Choice:
a. $31.39
b. $1,683.51
c. $1,834.76
d. $1,749.96
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