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

question 37

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.) $\begin{array}{c}\begin{array}{|l|}\hline\text {Payroll Period}\\\\\hline\text {Weekly}\\\text {Biweekly}\\\text {Semimonthly}\\\text {Monthly}\\\text {Quarterly}\\\text {Semiannually}\\\text {Annually}\\\text {Daily or miscellaneous (each day of the payroll }\\\text {period) }\\\hline\end{array}\begin{array}{r|}\hline\text {One Withholding}\\\text {Allowance}\\\hline\$ 76.90 \\ 153.80 \\ 166.70 \\ 333.30 \\ 1,000.00 \\2,000.00 \\ 4,000.00 \\\\ 15.40 \\\hline\end{array}\end{array}$
$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.) \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) $2,351.71 B) $2,503.95 C) $2,829.35 D) $2,478.90$

Definitions:

Rehabilitation Services

Rehabilitation services are healthcare services aimed at helping individuals regain, improve, or maintain their physical or cognitive functioning after injury or illness.

Respite Center

A facility or service that provides temporary relief for caregivers by taking care of their loved ones, often used in the context of chronic illness or disability.

Restorative Care Center

A facility focused on rehabilitation and recovery, aiming to restore a patient's health and functioning.

Discharge Planner

A healthcare professional who assists patients with the coordination of healthcare and community services in preparation for leaving a hospital or medical facility.