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Marbury is the payroll accountant at All's Fair Gifts. The employees of All$$s Fair Gifts are paid semimonthly. Sten comes to Marbury on April $7$ and requests a pay advance of $$1,000,$ which Sten will pay back in equal parts on the April $15$ and May $15$ paychecks. Sten is single, with one dependent under $17,$ is paid $$53,200$ per year, contributes $3$ percent of gross pay to a $401($k$),$ and has $$129$ per paycheck deducted for a Section $125$ plan. Required: Compute the net pay on Sten$$s April $15$ paycheck. The applicable state income tax rate is $5\mathrm{.}25$ percent. Use the wage$-$bracket method for manual payroll systems with Forms W$-4$ from $2020$ or later in Appendix C toMarbury is the payroll accountant at All's Fair Gifts. The employees of All's Fair Gifts are paid semimonthly. Sten comes to Marbury on

April $7$ and requests a pay advance of $$1,000,$ which Sten will pay back in equal parts on the April $15$ and May $15$ paychecks. Sten is

single, with one dependent under $17,$ is paid $$53,200$ per year, contributes $3$ percent of gross pay to a $401(k),$ and has $$129$ per

paycheck deducted for a Section $125$ plan.

Required:

Compute the net pay on Sten's April $15$ paycheck. The applicable state income tax rate is $5\mathrm{.}25$ percent. Use the wage$-$bracket method

for manual payroll systems with Forms W$-4$ from $2020$ or later in Appendix C to determine the federal income tax. Assume box $2$

is not checked.

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

Net pay

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