Sean Matthew is a waiter at the Deluxe Lounge. In his first weekly pay in March, he earned $300.00 for 40 hourshe worked. In addition, he reports his tips for February to his employer ($500.00), and the employer witholds theappropriate 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, 2 allowances), social security taxes, and stateincome tax (2%).
Sean Matthews
Gross pay $800
Federal income tax ?
Social security taxes ?
Medicare taxes ?
State income tax (2%) ?
Net pay ?
