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%). 642.80 + 2020 Percentage Method Tables for Manual Payroll Systems With Forms W-4 From 2020 or Later WEEKLY Payroll Period STANDARD Withholding Rate Schedules Form W-4, Step 2, Checkbox Withholding Rate Schedules (Uso those if the box in Step 2 of Form W-4 is NOT checked) (Uso those if the box in Stop 2 of Form W-4 IS checked) the Adjusted Wage of the If the Adjusted Wago of the Amount (line 1h) is: The amount that Amount (line 1h) is: Tho amount that tentative the Adjusted tentative the Adjusted But less amount to Plus this Wage But less amount to Plus this Wage Al least han withhold is: percentage- exceeds- At least- than withhold is: percentage-exceeds- B D B D Married Fling Jointly Married Filing Jointly $477 $0.00 OS $0 so $238 $0.00 0% $0 $477 5857 $0.00 $477 $238 $428 $0.00 10% $238 Ses7 $2.020 $38.00 12% $857 $428 $1,010 $19.00 12% $428 $2,020 $3.766 $177.56 22% $1,010 $1,883 $88.84 22% $1,010 $1,756 $6.758 $561.68 245 $3.766 $1,863 $3.379 $280.90 24% $1.883 $5,758 $8,452 $1,279.76 32% $6.758 $3,379 84.226 5639.94 32% $3,379 $8,452 $12,439 $1.821.84 $8,452 54.226 $5,220 $910.98 35% $4.226 $12.432 $3,217 29 37% $12.439 $6.220 $1,608 88 37% $6,220 10% $2.020 35% $214 $0 $238 $428 $1,010 $1,883 $3,379 $4.226 $10,208 Single or Married Filing Separately $238 $0.00 0% $428 $0.00 10% $1,010 $19.00 12% $1,883 $88.84 22% $3.379 $280.90 $4.226 $639.94 $10.208 $910.98 $3.001.68 37 $0 $238 $428 $1.010 $1,883 $3,379 Single or Married Filing Separately $119 50.00 0% $0.00 10% $505 $9.50 12% $942 $44 42 22% $1,689 $140.56 $2.113 $319.84 32% $5,104 $455 52 35% $1.502.37 37 $0 $119 $214 $505 $942 $1,689 $2,113 $5,104 $0 $119 $214 $505 $942 $1,689 $2,113 $5,104 $10.208 Head of Household Head of Household so 5359 $0.00 SO $179 $0.00 $359 $630 $0.00 10- $359 $179 3315 $0.00 $830 $1.391 $27 10 12" $630 $315 $696 $13.60 $1,391 $2.003 $116.42 $1 391 $696 51001 $50 32 $2.003 $3.499 $253.06 245 $2.003 $1.000 $1.750 $125.42 2.2 North Carolina%2CUnited States-35.1487,-78.994?weadegreetype=F&weaexto=%7B""A"Fayetteville 0% 10% 12 22 24 $0 $179 $315 $696 $1.001 HO/2Alid Wage 2020 Percentage Method Tables for Manual Payroll Systems With Forms W-4 From 2020 or Later BIWEEKLY Payroll Period STANDARD Withholding Rate Schedules Form W-4, Stop 2, Checkbox. Withholding Rate Schedules (Use these it box in Step 2 of Form W-4 5 NOT checked) (Use these if the box in Step 2 of Form W-4 13 chocked) the Adjusid Wage of the If the Adjusted Wage of the mount (line 1N) is The amount that Amount (line 1h) is: The amount hat tentative the Adjusted tentative the Adjusted But less amount to Plus this But less amount to Plus this Wage At least withhold is: percentage exceeds- At least than withhold is: percentage- exceeds- B D B C D Married Filing Jointly Married Flling Jointly SO $954 $0.00 50 $477 $0.00 09 $ $1,713 104 $954 $477 $857 $0.00 104 $477 $1.713 575.90 12 51713 S857 $2.020 $38.00 12% $857 $7.533 $355.14 225 154040 $3.755 $177 56 22% $2,020 57.533 $13,515 51.123.80 $7 533 $350 $8,758 5561.68 249 $3,766 $13.515 $16.904 $2.550 28 $13.515 56755 $a, 452 $1.279.76 $6.758 $15.904 $24.879 53.543.76 350 $ 16,904 58 452 $12,439 $1.821.84 35% $8,452 524 579 $6,435 01 $24.579 $ 12,439 $3,217 29 375 $12,439 Single or Married Filing Separately 5477 $0.00 $857 $0.00 $38.00 12 $3.95 2294 56.758 $56158 2492 $1.279.78 29 $26.415 $1 821 84 351 56. 324 SO 52 SSS $2.000 $31756 SO 5230 5428 $1,050 Single or Married Filing Separately $238 $0.00 09 $428 $0.00 104 $1.010 $19.00 129 $1 883 $88 84 2294 53377 $280 90 $4326 $3994 $10.268 3110.98 $3,455 379 So $238 3428 $1,010 51,883 $31.379 $3.756 55.755 58 452 201415 $3378 54.226 $10.200 310,206 SE 09 10 12 1095 SU SE Head of Household $717 $0.00 $1.250 $0.00 $2.783 $54 30 $237 06 5506.12 $1,224 20 $20.65 $1.756.25 $1.250 5717 $1,250 $2733 $1006 56. 58.602 12% Head of Household sise SOO 5:30 $0.00 $111101 $270 $2 och S42 $30 525008 1941 S181210 SHO 201 8314 2010 54.305 5030 $1.391 $2.000 $3,400 $4,345 24 32 35% 24% 32 05 $830 $1.391 $2.000 $3.49 34,348