Example $4-2$

Carl Jamison, an employee for the Scharman School, belongs to a tax$-$deferred retirement plan to which he contributes $3$ percent of his pay which is matched by the school. His biweekly pay is $$2,500.$ Because of the deferral $)=($$$75$ is subject to federal income tax withholding. her health savings account $($nonqualified$)$ each week. Her employer matches this $$25$ each week.

Determine Whiteweiler's take$-$home pay if she is head of household.

Enter deductions beginning with a minus sign $(-).$ Round your calculations and final answers to the nearest cent. income tax tables for Manual Systems with Forms W$-4$ from $2020$ or Later with Standard Withholding and $2022$ FICA rates have been used.

Click here to access the Wage$-$Bracket Method Tables.

Gross pay

HSA contributions

$401(k)$ deductions

OASDI tax

HI tax

FIT

Net pay