kate gets a paycheck twice a month. every month, a total of $345.67 is deducted from her paychecks for…

kate gets a paycheck twice a month. every month, a total of $345.67 is deducted from her paychecks for taxes. if she has received 7 paychecks so far this year, which best represents the total effect the taxes have had on the amount she has earned??\n- $2,419.69\n- $1,209.85\n$1,209.85\n$2,419.69

kate gets a paycheck twice a month. every month, a total of $345.67 is deducted from her paychecks for taxes. if she has received 7 paychecks so far this year, which best represents the total effect the taxes have had on the amount she has earned??\n- $2,419.69\n- $1,209.85\n$1,209.85\n$2,419.69

Answer

Answer:

A. -$2,419.69

Explanation:

Step1: Find tax per paycheck

Since $345.67 is deducted per month and she gets paid twice - a - month, tax per paycheck is $\frac{345.67}{2}= 172.835$.

Step2: Calculate total tax deduction

She has received 7 paychecks. Total tax deduction is $172.835\times7 = 1209.845$. But this is wrong approach.

Step3: Correct approach

Since $345.67$ is deducted per month, for 7 paychecks (which is 3.5 months), total deduction is $345.67\times7 = 2419.69$. Tax is a deduction, so the effect on her earnings is -$2419.69$.