Mr. Hernandez is in the 28% income tax bracket. Last year, his taxable income was $85,500.
How much did he need to pay in taxes?
How much money did he earn after he paid his taxes?

To calculate Mr. Hernandez's tax and his earnings after taxes, we'll follow these steps:

### Step 1: Calculate the total amount of taxes Mr. Hernandez paid.
He is in the **28% income tax bracket**, so we need to multiply his taxable income by 28%.

\[
\text{Taxes paid} = 85,500 \times 0.28 = 23,940
\]

So, Mr. Hernandez paid **$23,940** in taxes.

### Step 2: Calculate his income after paying taxes.
To find his after-tax income, subtract the taxes paid from his total taxable income.

\[
\text{Income after taxes} = 85,500 - 23,940 = 61,560
\]

Therefore, Mr. Hernandez's income after paying taxes is **$61,560**.

### Summary:
1. **Taxes paid**: $23,940
2. **Income after taxes**: $61,560

Would you like more details or have any questions?

Here are 5 related questions:
1. What other tax deductions could Mr. Hernandez claim to reduce his taxable income?
2. How would a different tax bracket affect his overall taxes?
3. What is the difference between marginal and effective tax rates?
4. How do tax credits impact total taxes paid?
5. How do progressive tax systems like the U.S. differ from flat tax systems?

**Tip:** Always verify if you qualify for any tax credits or deductions to lower your taxable income and reduce the amount you owe.

Mr. Hernandez is in the 28% income tax bracket. Last year, his taxable income was $85,500. How much did he need to pay in taxes? How much money did he earn after he paid his taxes?

Learn how to calculate the amount of taxes paid by Mr. Hernandez, who is in the 28% income tax bracket with a taxable income of $85,500. This solution explains the percentage-based tax calculation and how to find the income after taxes. Suitable for middle school students.

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