In New York state in 2010, the income tax rates for a single person were as follows:
Question:
In New York state in 2010, the income tax rates for a single person were as follows:
4% of the first $8000 earned,
4.5% of the next $3000 earned,
5.25% of the next $2000 earned,
5.9% of the next $7000 earned,
6.85% of the next $180,000 earned,
7.85% of the next $300,000 earned, and
8.97% of any amount earned over $500,000.
Let f (x) represent the amount of tax owed on an income of x dollars. Find each of the following, and explain in a sentence what the answer tells you.
a. f(10,000)
b. f(12,000)
c. f(18,000)
d. Sketch a graph of f(x).
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Related Book For
Calculus With Applications
ISBN: 9780321831101
10th Edition
Authors: Margaret L Lial, Raymond N Greenwell, Nathan P Ritchey
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