1C-14 is constantly made in the upper atmosphere. Cosmic rays knock neutrons loose, and those neutrons strike nitrogen-14 and convert it into carbon-14. The amount in the atmosphere stays roughly constant.
2C-14 is chemically identical to C-12. It forms CO₂ just the same, plants take it up in photosynthesis just the same, and animals eat those plants. So every living thing carries the same small, fixed proportion of C-14.
3When the organism dies, intake stops. No new carbon comes in. The C-12 already in the body is stable and stays put — but the C-14 is a radioisotope, so it steadily decays away.
4The C-14 : C-12 ratio therefore drops in a known way. Every 5730 years, half the remaining C-14 is gone. Measure the ratio that is left, and you can work backwards to when the organism died.