Question

Joses his yearly wages were $50 more than marks, so he earned 16,815.43. Yet he said his taxes are the same as marks. Is he right? How can you tell?

Answer 1

No

Explanation:

This depends on many other things but in a basic tax bracket, both Joses and Mark both fall under the 12% tax bracket. This is for individuals who make a yearly salary between $9,876 to $40,125, in which the taxes would be 12% of the yearly salary. Since this is percent based, their taxes would not be the same, they would be close but Mark would still end up paying a little bit more since he made more money.