Use these household taxable income data (in thousands of dollars) to make a histogram, using intervals equal
Question:
Use these household taxable income data (in thousands of dollars) to make a histogram, using intervals equal to the federal income tax brackets shown in Table 2.5: 10, 15, 20, 20, 30, 35, 40, 40, 50, 55, 60, 60, 70, 75, 80, 80, 90, 95, 100, 100.
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Table 2.5: Federal Income Tax Brackets for a Married Couple Filing Jointly in 2008 Taxable Income Bracket $0-$16,050 $16,051-$65,100 $65,101-$131,450 $131,451-$200,300 $200,301-$357,700 $357,701-No limit Tax 10% of the amount over $0 $1,605.00 plus 15% of the amount over $16,050 $8,962,50 plus 25% of the amount over $65,100 $25,550.00 plus 28% of the amount over $131,450 $44,828.00 plus 33% of the amount over $200,300 $96,770.00 plus 35% of the amount over $357,700
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Related Book For
Essential Statistics Regression And Econometrics
ISBN: 9780123822215
1st Edition
Authors: Gary Smith
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