Question
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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