In 2009, the federal income tax T (x) on income of x dollars (up to $82,250) was
Question:
Sketch the graph of T (x). Does T (x) have any discontinuities? Explain why, if T (x) had a jump discontinuity, it might be advantageous in some situations to earn less money.
Transcribed Image Text:
0.10x for 0 < x < 8350 T(x) = | 0.15x-417.50 for 8350 < x < 33,950 0.25x 3812.50 for 33,950 3x < 82,250
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
T x the amount of federal income tax owed on an income o...View the full answer
Answered By
Ankur Gupta
I have a degree in finance from a well-renowned university and I have been working in the financial industry for over 10 years now. I have a lot of experience in financial management, and I have been teaching financial management courses at the university level for the past 5 years. I am extremely passionate about helping students learn and understand financial management, and I firmly believe that I have the necessary skills and knowledge to effectively tutor students in this subject.
4.80+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Calculus questions
-
Can we infer from the data that liberals, moderates, and conservatives (POLVIEWS3: 1 = Liberal, 2 = Moderate, 3 = Conservative) differ in their views about the federal income tax that they have to...
-
Is there enough statistical evidence to conclude that Democrats, Republicans, and Independents (PARTYID3: 1 = Democrat, 2 = Independent, 3 = Republican) differ in their views about the federal income...
-
Does age (AGE) affect ones belief concerning the federal income tax that one has to pay (TAX: Do you consider the amount of federal income tax that you have to pay as too high, about right, or too...
-
12 7. In a group of 7 employees and 5 non-employees, four people must be chosen to ride together in a company vehicle with four seats. How many seating arrangements are possible if at least two...
-
Can you describe a revenue recognition setting in financial accounting that employs the concept of equivalent work?
-
Scifilink.com issued stock beginning in 2012 and reported the following on its balance sheet at December 31, 2012: Common stock, $ 2.00 par value Authorized: 6,000 shares Issued: 4,000 shares $ 8,000...
-
Identify the two ways that trial material may be organized. What are the advantages and disadvantages of each method?
-
Manon Corporation applies ASPE and sponsors a defined benefit pension plan. The following pension plan information is available for 2017 and 2018: The pension fund paid out benefits in each year....
-
The spot exchange rate for US and Japan is quoted as 105.33 ( per $). The US continuously compounded risk-free rate is 1.00%. Japan's continuously compounded risk-free rate is 0.15%. Calculate the...
-
R. J. Graziano Wholesale Corp. uses the LIFO method of inventory costing. In the current year, profit at R. J. Graziano is running unusually high. The corporate tax rate is also high this year, but...
-
Suppose that f (x) and g(x) are discontinuous at x = c. Does it follow that f (x) + g(x) is discontinuous at x = c? If not, give a counterexample. Does this contradict Theorem 1 (i)?
-
Give an example of functions f (x) and g(x) such that f (g(x)) is continuous but g(x) has at least one discontinuity.
-
Find the CLTD for a wood-framed single-family detached residence in Phoenix, Arizona, for exterior walls with the following orientations: a. Facing south b. Facing north c. Facing east d. Facing west
-
State the major changes which have occurred in auditing techniques during the last 160 years. Explain briefly how changes in technology have impacted on the changes in auditing techniques.
-
Under the provisions of the Companies Act 1985 an auditor's report must be attached to a company's financial statements. Is this true for all companies? Explain.
-
(a) Describe briefly what is meant by 'an audit programme". (b) State the two stages in which an audit programme is developed.
-
List reasons which help to explain why the detection of fraud and error lost its prominence as the primary audit objective during the 1920-1960s period.
-
Imagine for a moment a relaxing day at the beach, when suddenly you hear the sound of someone in the ocean who appears to be in distress. Next, picture the arrival of a drone, an unmanned aerial...
-
LRF Printing performs printing services for many different corporate clients. Although LRF bids most jobs, some jobs, particularly new ones, are negotiated on a cost-plus basis. Cost-plus means that...
-
What mass of KBr (in grams) should you use to make 350.0 mL of a 1.30 M KBr solution?
-
Sketch graphs of the following exponential function. For each, find the value of x where it is equal to 7.0. For the increasing functions, find the doubling time, and for the decreasing functions,...
-
Sketch graphs of the following exponential function. For each, find the value of x where it is equal to 7.0. For the increasing functions, find the doubling time, and for the decreasing functions,...
-
Sketch graphs of the following exponential function. For each, find the value of x where it is equal to 7.0. For the increasing functions, find the doubling time, and for the decreasing functions,...
-
The following information relates to production activities of Mercer Manufacturing for the year. Actual direct materials used 16,800 pounds at $4.45 per pound Actual direct labor used 17,435 hours at...
-
The bond market is the largest global financial market. Corporations, municipalities, and governments need to raise funds constantly, and debt is one of the easiest and cheapest ways to do it. Equity...
-
Elbow Bend Hotel Rooms Information Total Rooms=100 Deluxe room=40 Executive rooms= 50 Suites= 10 Suites are 100% sold every month and the other two categories split the rest of the rooms sold...
Study smarter with the SolutionInn App