Calculate his net take-home pay

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Question - Mike Mays is a waiter at the Dixie Hotel. In his first weekly pay in March, he earned $360 for the 40 hours he worked. In addition, he reports his tips for February to his employer ($700.00), 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 tax bracket, Married filing jointly, allowances, social security, and state income tax (2%).

Reference no: EM132823983

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