For people filing a single return, federal income tax is a function of adjusted gross income because
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For people filing a single return, federal income tax is a function of adjusted gross income because for each value of adjusted gross income there is a specific tax to be paid. By contrast, the price of a house is not a function of the lot size on which the house sits because houses on same-sized If can sell for many different prices. Describe an everyday situation between variables that is a function.
Related Book For
Concepts in Federal Taxation
ISBN: 9780324379556
19th Edition
Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher
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