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Collin Is a Full-Time Exempt Employee in Juneau,Alaska,who Earns $135,000

Question 41

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Collin is a full-time exempt employee in Juneau,Alaska,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 and $25,respectively.Collin has a child support garnishment of $300 per pay period.What is his net pay? (Use the percentage method.Do not round intermediate calculations.Round your final answer to 2 decimal places. )
Table 5.Percentage Method-2018 Amount for one Withholding Allowance
Federal Income tax using percentage method
Collin is a full-time exempt employee in Juneau,Alaska,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 and $25,respectively.Collin has a child support garnishment of $300 per pay period.What is his net pay? (Use the percentage method.Do not round intermediate calculations.Round your final answer to 2 decimal places. )  Table 5.Percentage Method-2018 Amount for one Withholding Allowance Federal Income tax using percentage method     A) $3,653.05 B) $3,613.28 C) $3,974.60 D) $3,885.14
Collin is a full-time exempt employee in Juneau,Alaska,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 and $25,respectively.Collin has a child support garnishment of $300 per pay period.What is his net pay? (Use the percentage method.Do not round intermediate calculations.Round your final answer to 2 decimal places. )  Table 5.Percentage Method-2018 Amount for one Withholding Allowance Federal Income tax using percentage method     A) $3,653.05 B) $3,613.28 C) $3,974.60 D) $3,885.14


A) $3,653.05
B) $3,613.28
C) $3,974.60
D) $3,885.14

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