Tax Refer to the 2022 tax rate schedules. If x equals taxable income and y equals the
Question:
Tax Refer to the 2022 tax rate schedules. If x equals taxable income and y equals the tax due, construct a function y = f ( x) for Schedule Y-1.
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Schedule X-Single The Tax is This Amount If Taxable Income is But Not Over Over $10,275 $0 $10,275 $41,775 $41,775 $89,075 $89,075 $170,050 $170,050 $215,950 $215,950 $539,900 $539,900 Plus This % 2022 Tax Rate Schedules Of the Excess Over $0 + 10% $0 $1027.50 + 12% $10,275 $41,775 $89,075 $4807.50 + 22% $15,213.50 + 24% $34,647.50 + 32% 35% $215,950 $170,050 $49,335.50 + $162,718.00 + 37% $539,900 Schedule Y-1-Married Filing Jointly or Qualified Widow(er) If Taxable The Tax is Of the Income is Over This Amount Excess Over But Not Over Plus This % $0 + 10% 12% $0 $20,550 $20,550 $83,550 $2055.00 + $83,550 $178,150 $9615.00 + 22% $178,150 $340,100 $30,427.00 + 24% $340,100 $431,900 $69,295.00 + 32% $431,900 $647,850 $98,671.00 + 35% 37% $647,850 $174,253.50 + $0 $20,550 $83,550 $178,150 $340,100 $431,900 $647,850
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To construct the function y fx for Schedule Y1 we need to analyze the tax rates and income brackets ...View the full answer
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Related Book For
Precalculus Concepts Through Functions A Unit Circle Approach To Trigonometry
ISBN: 9780137945139
5th Edition
Authors: Michael Sullivan
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