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Bill Burne's earnings are subject to deductions for Social Security, Medicare, and FIT. To date his cumulative earnings are $118,400. This week Bill earns $1,200.

Bill Burne's earnings are subject to deductions for Social Security, Medicare, and FIT. To date his cumulative earnings are $118,400. This week Bill earns $1,200. Bill, who is married, is paid weekly and claims three exemptions. Assume the Social Security rate is 6.2% on $118,500 and 1.45% for Medicare. His net pay for the week is (use percentage table in handbook to calculate FIT):

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