Answer :
Ted's annual income was $77,000.
To solve this problem, we need to use algebra.
Let X be Ted's annual income.
According to the problem, Ted pays an annual tax of $85 plus 1.3% of his annual income. This can be represented mathematically as:
Tax = 0.013X + 85
We know that Ted paid $1,086 in tax, so we can set up an equation:
0.013X + 85 = 1086
We can simplify this equation by subtracting 85 from both sides:
0.013X = 1001
Now, we can solve for X by dividing both sides by 0.013:
X = 1001/0.013
X = $77,000
Therefore, Ted's annual income was $77,000.
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