Respuesta :
You would owe $1263.75 in taxes at the end of the year if the government enforced a 15% income tax on your earnings.
The total amount I owe is $,1263.75
A tax is a compulsory charge levied by the government or an agency of the government on a taxpayer.
Income tax is a type of tax that is levied on the income of taxpayers
The amount an individual owes is the total amount of tax they are yet to pay
Amount owed = tax rate x income
15% x $8425 = $,1263.75
Types of tax
- Regressive tax : it is a type of tax where those in the lower income bracket pay a higher tax amount when compared with those that earn a higher income.
- Proportionate tax : all taxpayers pay the amount amount of tax.
- Progressive tax : taxpayers that earn more money pay higher tax when compared with those than earn a lower income.
To learn more about taxes, please check: https://brainly.com/question/23347326?referrer=searchResults
