Answer:
Francis net pay: 1,349.62 dollars
Explanation:
50,000 dollars per year
we divide over 24 payment per year: 2,083.33
we calculate the deductions
6.20% social security = 129.16
1.45% medicare = 30.21
3% 401(k) = $ 62.50
section 125 plan $ 25.00
advance repayment $ 375.00
750 / 2 = 375
taxable income: 2,083.33 - 62.5 - 25 = 1,995.83
Federal income tax: 1.6% $ 32.00
State Income tax: 4% $ 79.83
Net pay: 1995.83 - 32 - 79.83 - 129.16 - 30.21 - 375 = 1,349.62