You are the payroll accountant for Multi Winds Energy of Cornelius, North Carolina, whose employees...
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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 and requests a pay advance of $ which will be paid back in equal parts on the September and October paychecks. Larson is single, has no dependents, is paid $ per year, contributes percent of gross pay to a plan, and has $ per paycheck deducted for a courtordered garnishment. Assume that no pretax deductions exist for the employee and box is not checked. Required: Compute the net pay for Larson's September paycheck. The state income tax rate is percent. Use the wage bracket tables in Appendix 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 decimal places. Answer is complete but not entirely correct. 
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 and requests a pay advance of $ which will be paid back in equal parts on the
September and October paychecks. Larson is single, has no dependents, is paid $ per year, contributes percent of
gross pay to a plan, and has $ per paycheck deducted for a courtordered garnishment. Assume that no pretax deductions
exist for the employee and box is not checked.
Required:
Compute the net pay for Larson's September paycheck. The state income tax rate is percent. Use the wage bracket tables in
Appendix 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 decimal places.
Answer is complete but not entirely correct.
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