Educational tax worksheet illustrating how taxes are used and where they go.

Let’s solve this step by step.

We are told that the regular tax rate is 15% on income up to $40,000, and 28% on any income above $40,000. The person earns $60,000 per year.

Step 1: Calculate tax on the first $40,000 at 15%.
→ 15% of $40,000 = 0.15 × 40,000 = $6,000

Step 2: Find how much income is above $40,000.
→ $60,000 - $40,000 = $20,000

Step 3: Calculate tax on the extra $20,000 at 28%.
→ 28% of $20,000 = 0.28 × 20,000 = $5,600

Step 4: Add both taxes together.
→ $6,000 + $5,600 = $11,600

So, the total tax paid is $11,600.

Now, let’s find what percent of their total income ($60,000) this tax represents.

Step 5: Divide total tax by total income and multiply by 100 to get percentage.
→ ($11,600 ÷ $60,000) × 100 = ?

First, divide: 11,600 ÷ 60,000 = 0.19333...

Then multiply by 100: 0.19333... × 100 ≈ 19.33%

So, they pay about 19.33% of their income in taxes.

Final Answer:
$11,600 and approximately 19.33%