Danny Is a Full-Time Exempt Employee in Alabama, Where the State

Multiple Choice

Danny is a full-time exempt employee in Alabama, where the state income tax rate is 5%. He earns $78,650 annually and is paid semimonthly. He is married with four withholding allowances. His is health insurance is $100.00 per pay period and is deducted on a pre-tax basis. Danny contributes 5% of his pay to his 401(k) . Assuming that he has no other deductions, what is Danny's net pay for the period? (Use the percentage method for the federal income tax and the wage-bracket table for the state income tax. Do not round interim calculations, only round final answer to two decimal points.) Table 5. Percentage Method-2017 Amount for one Withholding Allowance

A) $2,245.53
B) $2,403.95
C) $2,361.72
D) $2,178.90