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Justin Matthews is a waiter at the Duluxe Lounge. In his first weekly pay in March, he earned $300,00 for the 40 hours he warked.

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Justin Matthews is a waiter at the Duluxe Lounge. In his first weekly pay in March, he earned $300,00 for the 40 hours he warked. In addition, he reports his tips far February to his emplayer ($500.00), and the employer withholds the appropriate taxes for the tips from this first pay in March. Calculate his net take-home pay assuming the empioyer withheid federal income tax (wage-bracket, married filing jointly), social security taxes, and state income. tax(2%). Enter deductions beginning with a minus sign (-). As we go to press, the federal income tax rates for 2023 are being determined by budget talks in washington, and are not available for publication. For this edition, the 2022 federal income tax tables for Manual systems with Forms W-4 From 2020 or Later with Standard Withholding and 2022 FrCA rates have been used. Click here to access the Wage-Bracket Method Tables

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