Respuesta :
Based on the tax rates for each plan, Geoffrey would pay approximately $350 more under plan B
What is a tax rate?
A tax rate is a set rate at which tax is charged on income.
Amount of tax Geoffrey will pay under Plan A:
$98000 = $10000 + $85000 + $3000
5% of $10000 = $500
10% of $85000 = $8500
15% of $3000 = $450
Total tax = $9450
Amount of tax Geoffrey will pay under Plan B:
10% of $98000 = $9800
Difference between Plan B and Plan A = $350
Therefore, Geoffrey would pay approximately $350 more under plan B
Learn more about tax rate at: https://brainly.com/question/25641320