Question

Given deductions for this week: federal tax $61.34, FICA $52.05, and state $7.92 what is the annual federal tax deduction?

Answer 1

Given the weekly deductions raised, the annual Federal Tax deduction is $ 3,189.68.

Given that the deductions for the week were: Federal Tax $ 61.34, FICA $ 52.05, and State $ 7.92; To determine what is the annual Federal Tax deduction, the following calculation must be performed:

The weekly deduction must be multiplied by the number of weeks that a year has, to obtain the final amount of taxes.

• $ 61.34 x 52 = X
• $ 3,189.68 = X

Therefore, the annual Federal Tax deduction is $ 3,189.68.

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