patcharaporn maneerat

Project Description:

the tax system in taxilvania includes a negative income tax. for all incomes below $10,000, individuals pay an income tax of −40% (that is, they receive a payment of 40% of their income). for any income above the $10,000 threshold, the tax rate on that additional income is 10%. for the first three scenarios below, calculate the amount of income tax to be paid and after-tax income.a. lowani earns income of $8,000.b. midram earns income of $40,000.c. hi-wan earns income of $100,000.d. can you find a notch in this tax system? that is, can you find a situation where earning more pre-tax income actually results in less after-tax income?
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Price Type: Negotiable

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