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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.

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, 1 allowances), social security taxes, and state income tax (0.01).

Enter deductions beginning with a minus sign (-).

Click here to access the Wage-Bracket Method Tables.

Gross pay $___________
Federal income tax $____________
Social security taxes - OASDI $___________
Social security taxes - HI $___________
State income tax $____________
Net pay $_____________

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