Question

Bianca received monthly paychecks of $2985.25 last year. If 14.4% of her yearly income got withheld for federal income tax, how much got withheld for federal income tax from each of Bianca's paychecks last year?

Answer 1

All you'd do is:

14.4% of 2985.25 or,

0.144 * 2985.25

= $429.876

round,

Your Answer:

$429.88

Answer 2

The answer is $429.88.

Explanation:

Bianca received monthly paychecks of $2985.25 last year.

So, her total yearly income became:

`2985.25*12=35823` dollars

14.4% of her yearly income got withheld for federal income tax, so amount becomes :

`0.144*35823=5158.512` dollars

Now if we divide this by 12, we get the deduction for each paycheck.

`5158.512/12=429.876` dollars

Therefore, the answer is $429.88.

Or simply you can take 14.4% of per pay check.

`0.144*2985.25=429.88` dollars.