Tom Hank is a waiter at the Days Inn. In his first weekly pay in March he earned 120.00 for the 40 hours he worked. In addition he reported his tips fpr Februaury to his employer (450.00) 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 the federal income tax (wage-bracket, married 2 sallowances), social security taxes. And state income tax 2%.
Wage bracket show 17.00 for 450.00 and nothing for 120.00.