Mary's gross income or the year is $56,000. She contributes $2,400 a year to her 401K and she puts $50 a month into a Medical Savings Plan. She pays $125 a month towards her health insurance. What is her taxable monthly income? Jerry earns $11.00 per hour for a catering company and time and a half when he works overtime. When he makes deliveries to offices and homes he often gets tipped. Last week he worked 42 hours and made an additional $350 in tips -- $100 of the tips were paid through the company and the rest was paid directly to him in cash. What was taxable income last week