# 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, single, 4 allowances), social security taxes, and state income tax (0.01).

Question
141 views

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, single, 4 allowances), social security taxes, and state income tax (0.01).

check_circle

Step 1

In this question,  federal income tax year didn't mentioned. I am assuming for the year 2019.

Note: Income tax witholdi...

### Want to see the full answer?

See Solution

#### Want to see this answer and more?

Solutions are written by subject experts who are available 24/7. Questions are typically answered within 1 hour.*

See Solution
*Response times may vary by subject and question.
Tagged in