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Mattola Company is giving each of its employees a holiday bonus of $875 on December 13,20 (a nonpayday). The company wants each employee's check to

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Mattola Company is giving each of its employees a holiday bonus of $875 on December 13,20 (a nonpayday). The company wants each employee's check to be $875. The supplemental tax percent is used. Nobody has capped for OASDI prior to the bonus check. 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 Manua Systems with Forms W-4 from 2020 or later with Standard Withholding and 2021 FICA rates have been used. a. What will be the gross amount of each bonus if each employee pays a state income tax of 2.8% (besides the other payroll taxes)? You may need to add one penny to the gross so that net bonus exactly equals $875. Round your calculations and final answers to the nearest cent. 4 b. What would the net amount of each bonus check be if the company did not gross-up the bonus? Round your intermediary calculations to the nearest cent. Sean 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. Click here to access the Wage-Bracket Method Tables. Round your answer to the two decimal places. Calculate his net take-home pay assuming the employer withheld federal income tax (wage-bracket, married, 2 allowances), social security taxes, and state income tax (2\%)

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