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SmarticalParticals
Since the 4 in 1.4 is in the tenths place, the number is read one and four tenths or 1 4/10. 4/10 then reduces to 2/5 So the answer is...

1 2/5

Since Percent means "Per 100", then 1.4% = 1.4 per 100 = 1.4/100 (and multiplying by 10/10 to get rid of the  decimal in the numerator) = 14/1000 as a fraction. 

HOWEVER- both 14 and 1000 are divisible by 2, so 14/1000 = 7/500