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Question 27/40
Using the percentage method, calculate the net pay for an exempt employee based on the following information:
* YTD Wages:$62,500.00
* Annual Salary:$87,000.00
* Pay Frequency:Semi-monthly
* 401(k) Deferral:$181.25
* Section 125 Cafeteria Plan:$125.00
* Charitable Contribution:$4.17
* Form W-4 (2019):Married, 2 allowances
* State:No state income tax
* YTD Wages:$62,500.00
* Annual Salary:$87,000.00
* Pay Frequency:Semi-monthly
* 401(k) Deferral:$181.25
* Section 125 Cafeteria Plan:$125.00
* Charitable Contribution:$4.17
* Form W-4 (2019):Married, 2 allowances
* State:No state income tax
