Question

A person earns $400 per week. Each week he has $12.50 placed into a savings account. His other deductions are $44 for federal tax, $20 for state tax, and $25 for FICA. What is his yearly take home salary?

Answer 1

the first thing i did was add 12.50+44+20+25=101.50
then i subtracted 400-101.50=298.50
last i multiplied 298.50x52=15,522
the answer is $15,522
hope this helps!!!

Answer 2

The yearly take home salary is $15,522.

Explanation:

First we have to subtract all the savings and the deductions before calculating the yearly take home salary.

`WeekSalary=400.00-12.50-44.00-20.00-25.00=298.50`

The total weekly take home salary is $298.50.

Now we can calculate the yearly take home salary multiplying the weekly salary for the 52 weeks that have a year, this is:

`298.50*52=15,522`

The yearly take home salary is $15,522.