The $5000 will be taxable amount at 10% of Latonya's salary, and $14000 will be taxable amount at 28% of Latonya's salary.
It is defined as the tax rate applied on the solely earned money by a single entity.
Latonya salary per year = $50,000
If Latonya's salary will be taxed at the 10% rate, then she needs to pay tax:
[tex]= $50,000\times10\%[/tex]
[tex]=50000\times \frac{10}{100}[/tex]
[tex]= \$ 5000[/tex]
If Latonya's salary will be taxed at the 28% rate, then she needs to pay tax:
[tex]= \$50,000\times28\%[/tex]
[tex]=50000\times \frac{28}{100}[/tex]
[tex]= \$14000[/tex]
Thus, the $5000 will be taxable amount at 10% of Latonya's salary, and $14000 will be taxable amount at 28% of Latonya's salary.
Learn more about the income tax here:
brainly.com/question/17075354
