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 worked. In addition, he reports his tips for February to his employer ($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 employer withheid federal income tax (wage-bracket, married fiting jointly), socal security taxes, and state income tax(2%) Enter deductions beginning with a minus sign (-). Round interim amounts to two decimal places. Use these values in subsequent computations then round final answer to two decimal places. As we go to press, the federal income tax rates for 2022 are being determined by budget talks in Washington and not available for publication. For this edition, the 2021 federal income tax tables for Manual Systems with Forms W-4 from 2020 or later with 5 tandard Withholding and 2021 FICA rates have been used. Click here to access the Wage-Eracket Method Tables. After reviewing the PowerPoint slides for Workers Comp and Garnishments, compare and contrast, in your own words, how the wages used for Workers Comp are different from the wages (disposable income) used for Gamishment calculations. This post should be at least 5 sentences. 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 worked. In addition, he reports his tips for February to his employer ($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 employer withheid federal income tax (wage-bracket, married fiting jointly), socal security taxes, and state income tax(2%) Enter deductions beginning with a minus sign (-). Round interim amounts to two decimal places. Use these values in subsequent computations then round final answer to two decimal places. As we go to press, the federal income tax rates for 2022 are being determined by budget talks in Washington and not available for publication. For this edition, the 2021 federal income tax tables for Manual Systems with Forms W-4 from 2020 or later with 5 tandard Withholding and 2021 FICA rates have been used. Click here to access the Wage-Eracket Method Tables. After reviewing the PowerPoint slides for Workers Comp and Garnishments, compare and contrast, in your own words, how the wages used for Workers Comp are different from the wages (disposable income) used for Gamishment calculations. This post should be at least 5 sentences
