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31 October, 19:19

Deductions this Week: Federal Tax $52.02, FICA $43.02, State $5.35. Find the annual Federal Tax deduction.

$2,705.04

$1,717.04

$4,422.08

$277.16

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Answers (1)
  1. 31 October, 22:11
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    Option a: $2,705.04 is the annual federal tax deduction

    Explanation:

    It is given that the Federal tax deduction for a week is $52.02

    Now, we need to determine the annual Federal Tax deduction.

    Since, there are 52 weeks in a year, the annual federal tax deduction can be estimated by multiplying the Federal tax deduction for a week with the total number of weeks in a year.

    Thus,

    Annual Federal tax deduction = Federal tax deduction for a week * Number of weeks in a year.

    Hence,

    Annual Federal tax deduction = $52.02 * 52 = $2,705.04

    Thus, $2,705.04 is the annual federal tax deduction.

    Hence, Option a is the correct answer.
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