Question: Please help me compute net pay based on the following information, all using 2022 percentage bases. Thanks in advance 2022 Appendix C: Marbury is the

Please help me compute net pay based on the following information, all using 2022 percentage bases. Thanks in advance

Please help me compute net pay based on the following information, all

2022 Appendix C:

using 2022 percentage bases. Thanks in advance 2022 Appendix C: Marbury is

Marbury is the payroll accountant at All's Fair Gifts. The employees of All's Fair Gifts are paid semimonthly. Sten comes to Marbury on April 7 and requests a pay advance of $1,000, which Sten will pay back in equal parts on the April 15 and May 15 paychecks. Sten is single, with one dependent under 17, is paid $50,000 per year, contributes 3 percent of gross pay to a 401(k), and has $125 per paycheck deducted for a Section 125 plan. Required: Compute the net pay on Sten's April 15 paycheck. The applicable state income tax rate is 5.25 percent. Use the wage-bracket method for manual payroll systems with Forms W-4 from 2020 or later in to determine the federal income tax. Assume box 2 is not checked. Note: Round your intermediate calculations and final answer to 2 decimal places. 2022 Percentage Method Tables for Automated Pavroll Svstems and Withholdina on Periodic

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