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riadik2000 [5.3K]
3 years ago
8

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.
Mathematics
1 answer:
Gnoma [55]3 years ago
4 0
If we calculate the net take home pay and we assume the employer withheld federal income tax (wage-bracket, married, 2 <span>allowances), social security taxes, and state income tax (2%)
</span>
Married at least $500 but not more than $510       $21
Social Security at 4.2%                                          $21
State income tax at 2%                                          $10
Total taxes:                                                             $52

Total net take-home pay:                                       $598
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