Jane Heinlein is the payroll accountant for Sia Lights of Carter, Nebraska. The employees of Sia...

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Jane Heinlein is the payroll accountant for Sia Lights ofCarter, Nebraska. The employees of Sia Lights are paid biweekly. Anemployee, Melinda Gunnarson, comes to her on September 14 andrequests a pay advance of $825, which she will pay back in equalparts on the September 28 and October 12 paychecks. Melinda issingle with one withholding allowance and is paid $32,500 per year.She contributes 1 percent of her pay to a 401(k) plan and has $25per paycheck deducted for a court-ordered garnishment.

Required:
Compute her net pay for her September 28th paycheck. The stateincome tax rate is 6.84 percent. Use the wage-bracket tables inAppendix C to determine the Federal income tax withholdingamount.

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4.1 Ratings (598 Votes)

Gross Income	32,500	date	Salary due	Salary paid	Advance taken	Advance returned	NET SALARY PAID
- 401(k)@1%	-325	1-Sep	241.13	241.13	0	0	241.13
Net	32,175	7-Sep	241.13	241.13	0	0	241.13
marginal federal tax rate is 12%	(3,861)	14-Sep	241.13	241.13	-825	0	1,066.13
Net	28,314	21-Sep	241.13	241.13	0	0	241.13
state [email protected]%	(1,937)	28-Sep	241.13	241.13	0	-412.5	(171.37)
Net	26,377	5-Oct	241.13	241.13	0	0	241.13
Per week (52 weeks)	507.26	12-Oct	241.13	241.13	0	-412.5	(171.37)
-court order deduction	-25
Net per week	482.26
Biweekly	241.13

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Transcribed Image Text

Jane Heinlein is the payroll accountant for Sia Lights ofCarter, Nebraska. The employees of Sia Lights are paid biweekly. Anemployee, Melinda Gunnarson, comes to her on September 14 andrequests a pay advance of $825, which she will pay back in equalparts on the September 28 and October 12 paychecks. Melinda issingle with one withholding allowance and is paid $32,500 per year.She contributes 1 percent of her pay to a 401(k) plan and has $25per paycheck deducted for a court-ordered garnishment.Required:Compute her net pay for her September 28th paycheck. The stateincome tax rate is 6.84 percent. Use the wage-bracket tables inAppendix C to determine the Federal income tax withholdingamount.