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 6 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 percent 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 2.88 percent.

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Related Book For  answer-question

Payroll Accounting 2019

ISBN: 978-1259917073

5th edition

Authors: Jeanette Landin, Paulette Schirmer

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