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31-10-2022
Mathematics

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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

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AnhQ8466 AnhQ8466

31-10-2022

Given:

A person earns $86,000 per year.

[tex]\begin{gathered} \text{Amount to pay as tax=86000}\times\frac{14}{100} \\ \text{Amount to pay as tax= }860\times14 \\ \text{Amount to pay as tax= \$12040} \end{gathered}[/tex]

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