APA CPP-Remote Question Answer
Using the percentage method for manual payroll systems, calculate the net pay for an exempt employee based on:
YTD wages: $164,200.00
Annual salary: $130,000.00
Pay frequency: Biweekly
2023 Form W-4: Married filing jointly, Step 2 NOT checked, $4,000 dependent amount
No state/local income tax
401(k) deferral: 11%
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