A man earns 85000 per annum nefore tax he doesn't pay tax on the first 10500 he earns if he pays tax on the remainder how much income tax does he pay if the tax rate is 15 percent

Answer 1

First, we calculate the amount of income that is taxable:

$85,000 - $10,500 = $74,500

Next, we calculate the income tax the man has to pay:

$74,500 * 15% = $11,175

So, the man pays $11,175 in income tax per annum.