Maile is a full-time exempt employee in Boca Raton, Florida, who earns $1,559.15 per biweekly payday. She is married with seven withholding allowances, so her federal income tax is $0. She contributes 4% of her gross pay to her 401(k) and has her health insurance premium of $64 deducted on a pre-tax basis. She has $22 deducted per pay period for a Salvation Army contribution and has union dues of $30 per pay period.
Maile is a full-time exempt employee in Boca Raton, Florida, who earns $1,559.15 per biweekly payday. She is married with seven withholding allowances, so her federal income tax is $0. She contributes 4% of her gross pay to her 401(k) and has her health insurance premium of $64 deducted on a pre-tax basis. She has $22 deducted per pay period for a Salvation Army contribution and has union dues of $30 per pay period.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Maile is a full-time exempt employee in Boca Raton, Florida, who earns $1,559.15 per biweekly payday. She is married with seven withholding allowances, so her federal income tax is $0. She contributes 4% of her gross pay to her 401(k) and has her health insurance premium of $64 deducted on a pre-tax basis. She has $22 deducted per pay period for a Salvation Army contribution and has union dues of $30 per pay period. What is her net pay? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
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