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Herman Swayne is a waiter at the Dixie Hotel. In his first weekly pay in March, he earned $160.00 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 bracket, married, 2 allowances), social security taxes, and state income tax (2%).
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