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?

To calculate how much Mr. Hernandez needed to pay in taxes, we use the formula:

\[
\text{Tax Paid} = \text{Taxable Income} \times \text{Tax Rate}
\]

Given:
- Taxable Income = \$85,500
- Tax Rate = 28% = 0.28

Now, calculating the tax:

\[
\text{Tax Paid} = 85,500 \times 0.28 = 23,940
\]

So, Mr. Hernandez needed to pay **\$23,940** in taxes.

Would you like further explanation or have any questions?

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Here are 5 related questions to deepen your understanding:
1. What would happen if Mr. Hernandez's tax bracket changed to 32%?
2. How does a tax bracket system work with progressive taxation?
3. What are some common deductions that could reduce taxable income?
4. How do tax credits differ from tax deductions?
5. How does inflation affect tax brackets over time?

**Tip:** Always check if you're eligible for deductions or credits to reduce your taxable income!

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?

Learn how to calculate income tax based on a 28% tax bracket for Mr. Hernandez's $85,500 taxable income. This problem uses basic arithmetic and percentage concepts to determine how much he needed to pay in taxes. Suitable for middle school students in Grades 6-8.

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