Lucy earns $326.87 each week. The federal government withholds 18% ofthat for federal income tax. How much is withheld from her pay annuallyfor federal income tax?a. $58.84b. $2,967.05c. $13,937.74d. $3,059.50



Answer :

ANSWER:

d. $3,059.50

STEP-BY-STEP EXPLANATION:

The first thing is to calculate the annual salary, knowing that a year has a total of 52 weeks, therefore:

[tex]\begin{gathered} a=326.87\cdot52 \\ a=16997.24 \end{gathered}[/tex]

The annual price is $ 16,997.24, we calculate 18% of this value, as follows:

[tex]\begin{gathered} tax=16,997.24\cdot\frac{18}{100} \\ tax=3059.50 \end{gathered}[/tex]

Which means that federal income tax is $ 3,059.50