Question

Mcneary brought home a weekly paycheck with these deductions: federal--$45.67, fica--24.63, state--19.04. How much does he pay annually in total deductions?

Option 1: $4334.84
Option 2: $89.34
Option 3: $4645.68
Option 4: $4374.84

Answer 1

McNeary's annual total deductions are calculated by summing the weekly deductions for federal, FICA, and state, then multiplying by the number of weeks in a year. The correct answer is Option 3: $4645.68.

Step-by-step explanation:

To calculate McNeary's total annual deductions from his paycheck, you will need to add up the weekly deductions for federal, FICA, and state, and then multiply the sum by the number of weeks in a year (typically 52). Let's do the math:

• Federal deduction per week: $45.67
• FICA deduction per week: $24.63
• State deduction per week: $19.04

First, we find the total weekly deductions:

Total weekly deductions = Federal + FICA + State

Total weekly deductions = $45.67 + $24.63 + $19.04

Total weekly deductions = $89.34

Now, let's calculate the annual deductions:

Annual deductions = Total weekly deductions × 52 weeks

Annual deductions = $89.34 × 52

Annual deductions = $4645.68

Thus, McNeary pays $4645.68 annually in total deductions. Therefore, the correct choice is Option 3: $4645.68.