Maile is a full-time exempt employee in Cookeville, Tennessee, who earns $1,370.15 per biweekly payday....
50.1K
Verified Solution
Question
Accounting
Maile is a full-time exempt employee in Cookeville, Tennessee, who earns $1,370.15 per biweekly payday. She is married with seven withholding allowances. She contributes 4% of her gross pay to her 401(k) and has her health insurance premium of $50 deducted on a pre-tax basis. She has $10 deducted per pay period for a Salvation Army contribution and has union dues of $40 per pay period. Using the Percentage method, what is her net pay? (Do not round intermediate calculations, only round final answer to 2 decimal points.)
Payroll Period | One Withholding Allowance |
Weekly | $76.90 |
Biweekly | 153.80 |
Semimonthly | 166.70 |
Monthly | 333.30 |
Quarterly | 1,000.00 |
Semiannually | 2,000.00 |
Annually | 4,000.00 |
Daily or miscellaneous (each day of the payroll period) | 15.40 |
TABLE 2-BIWEEKLY Payroll Period | |||||||
(a) SINGLE person (including head of household) | (b) MARRIED person | ||||||
If the amount of wages (after subtracting withholding allowances) is: | The amount of income tax to withhold is: | If the amount of wages (after subtracting withholding allowances) is: | The amount of income tax to withhold is: | ||||
Not over $88.. | $0 | Not over $331.. | $0 | ||||
Over | But not over | of excess over | Over | But not over | of excess over | ||
$88 | $443 | $0.00 plus 10% | $88 | $331 | $1,040 | $0.00 plus 10% | $331 |
$443 | $1,529 | $35.50 plus 15% | $443 | $1,040 | $3,212 | $70.90 plus 15% | $1,040 |
$1,529 | $3,579 | $198.40 plus 25% | $1,529 | $3,212 | $6,146 | $396.70 plus 25% | $3,212 |
$3,579 | $7,369 | $710.90 plus 28% | $3,579 | $6,146 | $9,194 | $1,130.20 plus 28% | $6,146 |
$7,369 | $15,915 | $1,772.10 plus 33% | $7,369 | $9,194 | $16,158 | $1,983.64 plus 33% | $9,194 |
$15,915 | $15,981 | $4,592.28 plus 35% | $15,915 | $16,158 | $18,210 | $4,281.76 plus 35% | $16,158 |
$15,981 | $4,615.38 plus 39.6% | $15,981 | $18,210 | $4,999.96 plus 39.6% | $18,210 |
A. | $1,160.53 | |
B. | $1,114.35 | |
C. | $1,124.23 | |
D. | $1,137.93 |
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.