Question

A person earns $86,000 per year and is an 814% income tax bracket how much does he pay in taxesThey are in the 14% percent bracket

Answer 1

Given:

A person earns $86,000 per year.

`\begin{gathered} \text{Amount to pay as tax=86000}*(14)/(100) \\ \text{Amount to pay as tax= }860*14 \\ \text{Amount to pay as tax= \$12040} \end{gathered}`