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Sean Matthews Gross pay $800 Federal income tax ? Social security taxes ? Medicare taxes ? State income tax (2%) ? Net pay ? Sean
Sean Matthews | ||||
Gross pay | $800 | |||
Federal income tax | ? | |||
Social security taxes | ? | |||
Medicare taxes | ? | |||
State income tax (2%) | ? | |||
Net pay | ? |
Sean Matthew is a waiter at the Deluxe Lounge. In his first weekly pay in March, he earned $300.00 for 40 hours | ||||||||||
he worked. In addition, he reports his tips for February to his employer ($500.00), and the employer witholds the | ||||||||||
appropriate taxes for the tips from this first 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%). |
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