$4266.67 is deducted every month for income tax.
Step-by-step explanation:
Given,
Amount earned per year = $200,000
Income tax = 25.6%
Amount of income tax = 25.6% of amount earned
Amount of income tax = [tex]\frac{25.6}{100}*200000 = \frac{5120000}{100}[/tex]
Amount of income tax = $51200
As this amount is yearly, therefore, we will divide it by 12 to find monthly amount.
Income tax deducted per month = [tex]\frac{51200}{12}=\$4266.67[/tex]
$4266.67 is deducted every month for income tax.
Keywords: income tax, percentage
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