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