There is an income tax on the planet Bozone. Both annual income, xx, and income tax,...

  

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There is an income tax on the planet Bozone. Both annual income, xx, and income tax, T(x)T(x), are measured in the local currency, the Bozat dollar (S). If the annual income x<1500x<1500, then the income tax is 10% of the income: T(x)=0.1xT(x)=0.1x. If annual income x21500x21500, then the income tax is 20% of the income: T(x)=0.2xT(x)=0.2x. a. The equation for the income tax on income between SO and $1500 is of the form T(x)=mx+bT(x)=mx+b. Find the values of mm and bb. m=m= b=b= b. The equation for the income tax on income above $1500 is of the form T(x)=mx+bT(x)=mx+b. Find the value of mm. m=m= c. Draw an accurate graph of the tax function T(x). 850- 800 750- 700- 650 600 550- 500 450- 400 350- 300- 250 200 150 100 50- 1000 2000 3000 4000 500 There is an income tax on the planet Bozone. Both annual income, xx, and income tax, T(x)T(x), are measured in the local currency, the Bozat dollar (S). If the annual income x<1500x<1500, then the income tax is 10% of the income: T(x)=0.1xT(x)=0.1x. If annual income x21500x21500, then the income tax is 20% of the income: T(x)=0.2xT(x)=0.2x. a. The equation for the income tax on income between SO and $1500 is of the form T(x)=mx+bT(x)=mx+b. Find the values of mm and bb. m=m= b=b= b. The equation for the income tax on income above $1500 is of the form T(x)=mx+bT(x)=mx+b. Find the value of mm. m=m= c. Draw an accurate graph of the tax function T(x). 850- 800 750- 700- 650 600 550- 500 450- 400 350- 300- 250 200 150 100 50- 1000 2000 3000 4000 500

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