What is the weekly amount for the extra 2% retirement withholding if the annual base is $30,000?

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Multiple Choice

What is the weekly amount for the extra 2% retirement withholding if the annual base is $30,000?

The main idea is converting annual pay to a weekly amount. To get weekly gross pay from an annual base of 30,000, divide by 52 weeks: 30,000 ÷ 52 = 576.92. The “extra 2% retirement withholding” would be 2% of that weekly amount, which is about 11.54 per week, and over the year totals 600. So the weekly amount that matches the given annual base is 576.92, with 2% of that amount (11.54) withheld weekly as the retirement deduction. This is why the weekly base figure shown is the best fit among the options.

The main idea is converting annual pay to a weekly amount. To get weekly gross pay from an annual base of 30,000, divide by 52 weeks: 30,000 ÷ 52 = 576.92. The “extra 2% retirement withholding” would be 2% of that weekly amount, which is about 11.54 per week, and over the year totals 600. So the weekly amount that matches the given annual base is 576.92, with 2% of that amount (11.54) withheld weekly as the retirement deduction. This is why the weekly base figure shown is the best fit among the options.

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