Collin Is a Full-Time Exempt Employee Who Earns $135,000 Annually

Multiple Choice

Collin is a full-time exempt employee who earns $135,000 annually and has not yet reached the Social Security wage base.He is single with 1 withholding allowance and is paid semimonthly.He contributes 3% per pay period to his 401(k) and has pre-tax health insurance and AFLAC deductions of $150.00 and $25.00,respectively.Collin has a child support garnishment of $300.00 per pay period.What is his net pay? (Use the percentage method.Do not round interim calculations,only round final answer to two decimal points.) $\begin{array}{c}\begin{array}{|l|}\hline\text {Payroll Period}\\\\\hline\text {Weekly}\\\text {Biweekly}\\\text {Semimonthly}\\\text {Monthly}\\\text {Quarterly}\\\text {Semiannually}\\\text {Annually}\\\text {Daily or miscellaneous (each day of the payroll }\\\text {period) }\\\hline\end{array}\begin{array}{r|}\hline\text {One Withholding}\\\text {Allowance}\\\hline\$ 76.90 \\ 153.80 \\ 166.70 \\ 333.30 \\ 1,000.00 \\2,000.00 \\ 4,000.00 \\\\ 15.40 \\\hline\end{array}\end{array}$

A) $3,445.85
B) $3,712.19
C) $3,674.60
D) $3,585.14