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Mary Matthews made $1,150 during a biweekly pay period. Only social security (fully taxable) and federal income taxes attach to her pay. Matthews contributes $100
Mary Matthews made $1,150 during a biweekly pay period. Only social security (fully taxable) and federal income taxes attach to her pay. Matthews contributes $100 from each biweekly pay to her company's 401k. Determine Matthews' take home pay if she is married filing jointly. (Use wage bracket method) Round your answer to two decimal places.
10/31/23, 8:10 PM 2022 Wage Bracket Method Tables for Manual Payroll Systems With Forms W-4 From 2020 or Later 2022 Wage Bracket Method Tables for Manual Payroll Systems With Forms W-4 From 2020 or Later BIWEEKLY Payroll Period \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline \multicolumn{2}{|c|}{\begin{tabular}{c} If the Adjusted Wage \\ Amount (line 1h) is \end{tabular}} & \multicolumn{2}{|c|}{ Married Filing Jointly } & \multicolumn{2}{|c|}{ Head of Household } & \multicolumn{2}{|c|}{\begin{tabular}{c} Single or Married Filing \\ Separately \end{tabular}} \\ \hline \multirow[t]{2}{*}{ At least } & \multirow[t]{2}{*}{ But less than } & \begin{tabular}{c} Standard \\ withholding \end{tabular} & \begin{tabular}{c} Form W-4, Step \\ 2, Checkbox \\ withholding \end{tabular} & \begin{tabular}{c} Standard \\ withholding \end{tabular} & \begin{tabular}{c} Form W-4, Step \\ 2, Checkbox \\ withholding \end{tabular} & \begin{tabular}{c} Standard \\ withholding \end{tabular} & \begin{tabular}{c} Form W-4, Step \\ 2, Checkbox \\ withholding \end{tabular} \\ \hline & & \multicolumn{6}{|c|}{ The Tentative Withholding Amount is: } \\ \hline$390 & $400 & $0 & $0 & $0 & $2 & $0 & $15 \\ \hline$400 & $410 & $0 & $0 & $0 & $3 & $0 & $16 \\ \hline$410 & $420 & $0 & $0 & $0 & $4 & $0 & $17 \\ \hline$420 & $430 & $0 & $0 & $0 & $5 & \$0 & $18 \\ \hline$430 & $440 & $0 & $0 & $0 & $6 & $0 & $19 \\ \hline$440 & $450 & $0 & $0 & $0 & $7 & $0 & $20 \\ \hline$450 & $465 & $0 & $0 & $0 & $8 & \$0 & $21 \\ \hline$465 & $480 & $0 & $0 & $0 & $10 & \$o & $23 \\ \hline$480 & $495 & $0 & $0 & $0 & $11 & \$0 & $25 \\ \hline$495 & $510 & $0 & $2 & $0 & $13 & $0 & $26 \\ \hline$510 & $525 & $0 & $2 & $0 & $14 & $2 & $28 \\ \hline$525 & $540 & $0 & $3 & $0 & $16 & $3 & $30 \\ \hline$540 & $555 & $0 & $5 & $0 & $17 & $5 & $32 \\ \hline$555 & $570 & $0 & $5 & $0 & $19 & $6 & $34 \\ \hline$570 & $585 & $0 & $8 & $0 & $20 & $8 & $35 \\ \hline$585 & $600 & $0 & $9 & $0 & $22 & $9 & $37 \\ \hline$600 & $615 & $0 & $11 & $0 & $23 & $11 & $39 \\ \hline$615 & $630 & \$0 & $12 & \$0 & $25 & $12 & $41 \\ \hline$630 & $645 & $0 & $14 & $0 & $26 & $14 & $43 \\ \hline$645 & $660 & $0 & $15 & $0 & $28 & $15 & $44 \\ \hline$660 & $675 & $0 & $17 & \$0 & $30 & $17 & $46 \\ \hline$675 & $690 & $0 & $18 & $0 & $31 & $18 & $48 \\ \hline$690 & $705 & $0 & $20 & $0 & $33 & $20 & $50 \\ \hline$705 & $720 & $0 & $21 & $0 & $35 & $21 & $52 \\ \hline$720 & $735 & $0 & $23 & $0 & $37 & $23 & $53 \\ \hline$735 & $750 & $0 & $24 & $0 & $39 & $24 & $55 \\ \hline$750 & $765 & $0 & $26 & $1 & $40 & $26 & $57 \\ \hline$765 & $780 & $0 & $27 & $3 & $42 & $27 & $59 \\ \hline$780 & $795 & \$0 & $29 & $4 & $44 & $29 & $61 \\ \hline$795 & $810 & $0 & $30 & $6 & $46 & $30 & $62 \\ \hline$810 & $825 & $0 & $32 & $7 & $48 & $32 & $64 \\ \hline$825 & $840 & $0 & $33 & $9 & $49 & $33 & $66 \\ \hline$840 & $855 & $0 & $35 & $10 & $51 & $35 & $68 \\ \hline$855 & $870 & $0 & $36 & $12 & $53 & $36 & $70 \\ \hline$870 & $885 & $0 & $38 & $13 & $55 & $38 & $71 \\ \hline$885 & $900 & $0 & $39 & $15 & $57 & $39 & $73 \\ \hline$900 & $915 & \$o & $41 & $16 & $58 & $41 & $75 \\ \hline$915 & $930 & $0 & $43 & $18 & $60 & $43 & $77 \\ \hline$930 & $945 & $0 & $45 & $19 & $62 & $45 & $79 \\ \hline$945 & $960 & $0 & $47 & $21 & $64 & $47 & $80 \\ \hline$960 & $975 & $0 & $48 & $22 & $66 & $48 & $82 \\ \hline$975 & $990 & $0 & $50 & $24 & $67 & $50 & $84 \\ \hline$990 & $1,005 & $0 & $52 & $25 & $69 & $52 & $86 \\ \hline$1,005 & $1,020 & $2 & $54 & $27 & $71 & $54 & $88 \\ \hline$1,020 & $1,035 & $3 & $56 & $28 & $73 & $56 & $89 \\ \hline$1,035 & $1,050 & $5 & $57 & $30 & $75 & $57 & $91 \\ \hline$1,050 & $1,070 & $6 & $60 & $31 & $77 & $60 & $94 \\ \hline$1,070 & $1,090 & $8 & $62 & $33 & $79 & $62 & $99 \\ \hline$1,090 & $1,110 & $10 & $64 & $35 & $82 & $64 & $103 \\ \hline$1,110 & $1,130 & $12 & $67 & $37 & $84 & $67 & $107 \\ \hline$1,130 & $1,150 & $14 & $69 & $39 & $86 & $69 & $112 \\ \hline$1,150 & $1,170 & $16 & $72 & $41 & $89 & $72 & $116 \\ \hline \end{tabular}Step by Step Solution
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