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OASDI tax H| tax federal state 6.20% 1.45% 2% Sean Matthew is a waiter at the Deluxe Lounge. In his rst weekly pay in March,

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OASDI tax H| tax federal state 6.20% 1.45% 2% Sean Matthew is a waiter at the Deluxe Lounge. In his rst weekly pay in March, he earned $300.00 for 40 ho he worked. In addition, he reports his tips for February to his employer ($500.00), and the employer witholds appropriate taxes for the tips from this rst pay in March. 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%). Earned worked tips rate 300 40 500 2.13 Gross pay 300 800 plus tips Federal Income Tax 56 married 2 allowances Social Security Taxes - OASDI 49.6 Social Security Taxes - H| 11.6 State Income Tax 16 Net Pay 166.8

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