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.

Calculate his net take-home pay assuming the employer withheld federal income tax (wage-bracket, married, 3 allowances), social security taxes, and state income tax (2%).

Enter deductions beginning with a minus sign (-). Round interim amounts to two decimal places. Use these values in subsequent computations then round final answer to two decimal places.

I'm having trouble figuring out the Federal income tax in this problem.

Gross pay 300 Federal income tax -55 X Social security taxes - OASDI -49.60 Social security taxes - HI -11.60 State income tax -16 Net pay 167.80