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 apply his taxable income to the tax bracket percentage:

\[
\text{Tax amount} = \text{Taxable income} \times \text{Tax rate}
\]

Here, Mr. Hernandez's taxable income is $85,500, and his tax rate is 28%. Converting 28% to decimal form (0.28), we get:

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

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

Would you like more details or have any questions?

Here are some related questions:
1. What is a progressive income tax system?
2. How does income tax vary between different income brackets?
3. If Mr. Hernandez received a tax deduction, how would it affect his tax payment?
4. What if Mr. Hernandez was in a different tax bracket? How would his taxes change?
5. How are tax credits different from tax deductions?

**Tip:** Always check whether tax calculations are based on marginal or flat tax rates. Marginal rates apply differently to income ranges.

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 the taxes Mr. Hernandez needed to pay with a taxable income of $85,500 and a 28% tax bracket. This problem explores tax calculations involving percentages and multiplication. Suitable for students in Grades 7-9.

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