Steven is a full-time exempt employee in Little Rock, Arkansas, where his state income tax rate is 5.9%. He earns $38,650 annually and is paid semimonthly. He has indicated that he is married with 2 dependents under the age of 17 on his 2021 Form W-4. He has checked the box on Step 2 of his W-4 and has $75 additional income tax per pay period. His pre-tax health insurance is $100.00 per pay period. Steven contributes 5% of his pay to his 401(k). Assuming that he has no other deductions, what is Steven's net pay for the period? (Use the percentage method for the federal income tax. Do not round intermediate calculations. Round your final answer to two decimal points.) 2021 Percentage Method Tables for Manual Payroll Systems With Forms W-4 From 2020 or Later SEMIMONTHLY Payroll Period Form W-4, Step 2, Checkbox, Withholding Rate Schedules If the Adjusted Wage Amount (line 1h) is at least... But less than... B The tentative amount to withhold is... Plus this percentage of the amount that the wage exceeds... E A C D 0 $ 523 0.00 $ 523 $ 938 $ 938 $ 0.00 10% $ 523 $ 2,211 $ 41.50 12% $ 938 $ 2,211 $ 4,122 $ 4,122 $ 194.26 22% $ 2,211 $ 7,395 $ 614.68 24% $ 4,122 $ 7,395 $ 9,249 $ 1,400.20 32% $ 7,395 $ 9,249 $ 13,613 $ 1,993.48 35% $ 9,249 $ 13,613 $ 3,520.88 37% $ 13,613