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Danny is a full-time exempt employee in Alabama, where his state income tax rate is...

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Accounting

Danny is a full-time exempt employee in Alabama, where his state income tax rate is 5%. He earns $66,300 annually and is paid semimonthly. He is married with four withholding allowances. His is health insurance is $130.00 per pay period and is deducted on a pre-tax basis. Danny contributes 5% of his pay to his 401(k). Assuming that he has no other deductions, what is Dannys net pay for the period?

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