You are the payroll accountant for Multi Winds Energy of Cornelius, North Carolina, whose employees are paid biweekly. An employee,

Larson, comes to you on September $14$ and requests a pay advance of $$1,030,$ which will be paid back in equal parts on the

September $22$ and October $20$ paychecks. Larson is single, has no dependents, is paid $$54,000$ per year, contributes $5$ percent of

gross pay to a $401(k)$ plan, and has $$250$ per paycheck deducted for a court$-$ordered garnishment. Assume that no pre$-$tax deductions

exist for the employee and box $2$ is not checked.

Required:

Compute the net pay for Larson's September $24$ paycheck. The state income tax rate is $4\mathrm{.}75$ percent. Use the wage bracket tables in

Appendix $C$ to determine the federal income tax withholding amount. You do not need to complete the number of hours.

Note: Round your intermediate calculations and final answer to $2$ decimal places.

Answer is complete but not entirely correct.