In the United States, people pay federal income tax based on their t
2020, the tax rate for a single person with a taxable income up to $9875 was 10%. A
single person in the taxable income bracket of $9876 to $40,125 pays $987.50 plus 12%
of the amount over $9875.
1 Suppose John earns $9875, how much does he take home after taxes?
If John receives a pay increase and now earns $12,000, how much will he take home
after taxes?
