Sean Matthews is a waiter at the Deluxe Lounge. In his first weekly pay in March, he earned $300 for the 40 hours he worked. In addition, he reports his tips for February to his employer ($500), 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, 1 allowance), social security taxes, and state income tax (0.02)