Question

Daniel notices that $299 has been withheld from his pay for FIT. He is paid 5 points monthly. How much is withheld each year from his check for FIT?

a. $2,500.00
b. $3,500.00
c. $3,580.00
d. $3,588.00

Answer 1

The total amount withheld each year from Daniel's check for FIT is calculated by multiplying the monthly withholding amount ($299) by 12 months, resulting in $3,588 being withheld annually.

Step-by-step explanation:

To calculate how much is withheld each year from Daniel's check for FIT, we need to multiply the monthly amount withheld by the number of months he is paid. Since Daniel notices that $299 is withheld from his pay for FIT and he is paid monthly, we need to determine the total annual amount.

Here is the step-by-step calculation:

1. 
   

Therefore, the total amount withheld each year from Daniel's check for FIT is $3,588.