Frances Newberry is the payroll accountant for Pack-it Services of Jackson, Arizona. The employees of Pack-it Services

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Frances Newberry is the payroll accountant for Pack-it Services of Jackson, Arizona. The employees of Pack-it Services are paid semimonthly. An employee, Glen Riley, comes to her on November 10 and requests a pay advance of $750, which he will pay back in equal parts on the November 15 and December 15 paychecks. Glen is married with 8 withholding allowances and is paid $50,000 per year. He contributes 3% of his pay to a 401(k) and has $25 per paycheck deducted for a Section 125 plan. Compute his net pay on his November 15th paycheck. The state income tax rate is 4%.
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Related Book For  book-img-for-question

Payroll Accounting 2016

ISBN: 978-1259572197

2nd edition

Authors: Jeanette Landin, Paulette Schirmer

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