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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?

Verified Answer :

hannahdumb

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!!!

gomezmjosemiguel

Answer:

The yearly take home salary is $15,522.

Step-by-step explanation:

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

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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.

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