Question

Deductions this Week: Federal Tax $52.02, FICA $33.02, State $5.33. Find the annual Federal Tax deduction

Answer 1

Answer:

The annual federal tax deduction is $2705.04 .

Step-by-step explanation:

As given deduction in a week

Federal Tax $52.02

As there are 52 weeks in a week.

Thus

Annual Federal Tax deduction = Total number of weeks in a year ×  Federal Tax  deduction in week

                                                  = 52 × 52.02

                                                  = $ 2705.04

Therefore the annual federal tax deduction is $2705.04 .

                                       

Answer 2

Deductions this week :
52.02 + 33.02 + 5.33 = 90.37 (per week)
annual means yearly...there are 52 weeks in a yr.
52 * 90.37 = 4699.24 per year <==