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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