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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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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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