Richard Gaziano is a manager for Health Care, Inc. Health Care deducts Social Security, Medicare, and FIT (by percentage method) from his earnings. Assume a rate of 6.2% on $128,400 for Social Security and 1.45% for Medicare. Before this payroll, Richard is $1,000 below the maximum level for Social Security earnings. Richard is married, is paid weekly, and claims 2 exemptions.

What is Richard's net pay for the week if he earns $1,700? (UseTable 9.1andTable 9.2).(Round your answerto the nearest cent.)

TABLE 9.1 Percentage method income tax Payroll Period One Withholding withholding allowances Allowance Weekly $ 79.80 Biweekly 159.60 Semimonthly 172.90 Monthly 345.80 Quarterly 1,037.50 Semiannually 2,075.00 Annually 4, 150.00 Daily or miscellaneous (each day of the payroll period) . . . .. . . .. 16.00TABLE 9.2 Percentage method income tax withholding schedules Percentage Method Tables for Income Tax Withholding (For Wages Paid in 2018) TABLE 1-WEEKLY Payroll Period (a) SINGLE person (including head of household)- (b) MARRIED person- If the amount of wages if the amount of wages after subtracting The amount of income tax (after subtracting The amount of income tax withholding allowances) is: to withhold is: withholding allowances) is: to withhold is: Not over $71 . SO Not over $222 SO Over- But not over of excess over- Over- But not over of excess over- $254 . . $0.00 plus 10% $71 $222 $588 $0.00 plus 10% $222 $254 -$815 . $18.30 plus 12% $254 $588 $1,711. $36.60 plus 12% -$508 SB15 $1,650 . . $85.62 plus 22% -$815 61,711 $3,395 $171.36 plus 22% $1,711 $1,658 -$3,100 , , $271.08 plus 24% -$1,658 $3,395 -$6,280 . . 8541.84 plus 24% -33,395 $3,100 -$3,917 . . $617.16 plus 32% -$3,100 $6,280 -$7,914 . . $1,234.24 plus 32 $6,280 $3,917 -$9,687 . . $878.60 plus 35% -$3,917 $7,914 -$11,761 . . $1,757.12 plus 35% $7,914 $9,687 $2,898.10 plus 37% -59.687 $11,761 $3,103.57 plus 37%% $11,761 TABLE 2-BIWEEKLY Payroll Period (a) SINGLE person (including head of household) (b) MARRIED person- If the amount of wages If the amount of wages after subtracting The amount of income tax after subtracting The amount of income tax withholding allowances) is. to withhold is; withholding allowances) is: to withhold is: Not over $142 . . ... Not over $444 SO Over- But not over- of excess over- Over- But not over- of excess over- $142 -$509 . . $0.00 plus 10% $142 $444 -$1.177 $0.00 plus 10% -$444 $509 -$1,631 . , $36.70 plus 12% -$509 $1,177 -$3,421 . $73.30 plus 12% $1,177 $3,315 , , $171.34 plus 22% $1.631 $3,421 -$6,790 . . $342.58 plus 22 $3.421 $3,315 -$6,200 $541.82 plus 24% -$3,315 $6,790 -$12,560 $1.083.76 plus 24% -$6,790 $6.200 $7.835 . . $1.234.22 plus 32% -$6 200 $12.560 -$15.829 $2.468.56 plus 32% -$12.560 $7.835 -$19,373 . , $1,757.42 plus 35% -$7.835 $15,829 -$23,521 . . $3,514.64 plus 35% $15,829 $19.373 $5.795.72 plus 37% $19.373 $23,521 $6.206.84 plus 37%% -$23.521 TABLE 2-BIWEEKLY Payroll Period (a) SINGLE person (including head of household) (b) MARRIED person- If the amount of wages If the amount of wages (after subtracting The amount of income tax (after subtracting The amount of income tax withholding allowances) is. to withhold is; withholding allowances) is: to withhold is: Not over $142 . . . . . .' SO Not over $444 ... SO Over- But not over- of excess over- Over- But not over- of excess over- $142 -$509 . . $0.00 plus 10% $142 $444 -$1,177 . . $0.00 plus 10% -$444 $509 -$1,631 . . $36.70 plus 12% -$509 $1,177 -$3,421 . . $73.30 plus 12% -$1,177 $1,631 -$3,315 $171.34 plus 22% -$1.631 53,421 -$6,790 $342.58 plus 22%% $3.421 $3,315 -$6,200 . , $541.82 plus 24% $3,315 $6,790 -$12,560 . . $1,083.76 plus 24% -$6,790 $6.200 $7.835 $1.234.22 plus 32% -$6 200 $12.560 $15.829 $2.468.56 plus 32% $12.560 $7.835 -$19.373 . $1,757.42 plus 35% -$7.835 $15,829 -$23,521 $3.514.64 plus 35% $15,829 $19.373 $5.795.72 plus 37% $19.373 $23.521 $6.206.84 plus 37% $23.521 TABLE 3-SEMIMONTHLY Payroll Period (a) SINGLE person (including head of household)- (b) MARRIED person- f the amount of wages f the amount of wages after subtracting The amount of income tax (after subtracting The amount of income tax withholding allowances) is: to withhold is: withholding allowances) is: to withhold is: Not over $154 Not over $481 SO Over- But not over- of excess over- Over- But not over- of excess over- $154 -$551 snon plus in% -$154 $ART -$1,275 Sn 0 plus 109% -$481 $551 -$1,767 $39.70 plus 129% -$551 $1,275 -$3,706 $79.40 plus 12% $1,275 $1,767 -$3,592 . . $185.62 plus 22% -$1,767 $3,706 -$7.356 $371.12 plus 22% $3.708 $3,592 $6,717 .. $587.12 plus 24% -$3 592 $7.356 -$13,606 . . $1, 174.12 plus 21% $7.356 $6,717 $8,488 $1,337.12 plus 32% $6.717 $13,606 $17,148 $2,674.12 plus 32% $13,606 $8,488 $20,983 . . $1,903.84 plus 35% $8.488 $17,148 $25,481 . . $3,807.56 plus 35% $17,148 $20.988 $6.278.84 plus 37% $20.988 $25,481. $6,724.11 plus 37% 685,401 TABLE 4-MONTHLY Payroll Period (a) SINGLE person (including head of household)- (b) MARRIED person- If the amount of wages If the amount of wages after cubtracting The amount of income tax (after subtracting The amount of income tax withholding allowances) is. 10 withhold is: withholding allowances) is; to withhold is: Not over $308 .. . .. Not over $063 . . . .... SO Over- But not over- of excess over- Over- But not over- of excess over- $308 -$1,102 . , $0.00 plus 10% -$308 $963 -$2,550 $0.00 plus 10% -$963 $1,102 -$3,533 . , $79.40 plus 12% $1,102 $2,550 -$7,413 . . $158.70 plus 12% -$2,550 $3,533 -$7,183 . . $371. 12 plus 22% -$3,533 $7,413 $14,713 . . $742.26 plus 22%% -$7,413 $7,183 -$13,433 $1,174.12 plus 24% -$7.183 $14,713 -$27,213 $2,348.26 plus 24%% -$14,713 $13,433 -$16,975 . . $2,674.12 plus 32% -$13,433 $27,213 -$34,296 . . $5,348.26 plus 32% -$27,213 $16,975 -$41,975 . , $3,807.56 plus 35% -$16,975 $34,296 -$50,963 . . $7,614.82 plus 35% $34,296 $41,975 $12,557.56 plus 37% -$41,975 $50,953 $13,448.27 plus 37% -$50,963 O C Source: Internal Revenue Service