Mathematics

An employee at a homemade wooden toy store earned $860 over the past week. The employee needs to pay 14% for Federal Income Tax and 3% for State Income Tax, both on the initial amount he earned. How much will the employee earn after paying both taxes?

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  1. 860 * 0.14 = 120.40
    860 * 0.03 = 25.80
    sum of taxes = 146.20
    860.00 - 146.20 = 713.80

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  2. 860(1 - 0.14 - 0.03) = ____

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    oobleck

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