Marcus earns $8.40 per hour. he works for 26 hours each week, 48 weeks each year. if he earns over $10,000, then marcus has to pay tax. does he pay tax?

We have been given that Marcus works for 26 hours each week and 48 weeks each year.

Thus in a year he works for hours.

Now, we have been given that Marcus earns $8.40 per hour.

Therefore, in 1248 hours, he earns

Marcus has to pay tax if he earns more than $10,000. Now we have calculated that he earns $ 10483.2  which is higher than $10,000.

Therefore, Marcus has to to pat tax.

Yes, he does. He pays taxes.

A taxpayer must pay tax when his income has reached taxable income. Then the rates apply to taxable income.

Taxable income adjusts gross income minus either the standard deduction or the reduction in permitted items. But in this problem, we face a simplified problem.

Given:

Question:

Does he pay tax?

The Process:

Let us check Marcus's total earning in a year.

We cross out similar units.

Thus the total earnings in a year is

Because the total earnings in a year have exceeded $ 10,000, Marcus must pay taxes. In other words, Marcus is now a taxpayer.

Keywords: Marcus earns $8.40 per hour, he works for 26 hours each week, 48 weeks each year, over $10,000, to pay tax, taxpayer, taxable income

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step-by-step explanation:

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