Example 4-1 Justin Miah, single, is a waiter at Metro American Bar and Grill. In his first week, he earned $350 for 20 hours and had $600 of reported tips. Justin’s employer will withhold Federal Income tax based on the total of $950. Net pay is calculated by subtracting the withholding amounts from employer paid earnings of $350.
Example 4-1 Justin Miah, single, is a waiter at Metro American Bar and Grill. In his first week, he earned $350 for 20 hours… Read More »Example 4-1 Justin Miah, single, is a waiter at Metro American Bar and Grill. In his first week, he earned $350 for 20 hours and had $600 of reported tips. Justin’s employer will withhold Federal Income tax based on the total of $950. Net pay is calculated by subtracting the withholding amounts from employer paid earnings of $350.