Question: Question 9 (2 points) Write your work and answer to this question on the notebook paper (or graph paper) that you will turn into the

Question 9 (2 points) Write your work and answer
Question 9 (2 points) Write your work and answer to this question on the notebook paper (or graph paper) that you will turn into the Dropbox immediately after the test. You do not need to type anything into the box here. Extra Credit: A nation's government is deciding between two tax systems. Under System A, a flat tax system, all residents would pay a 7% income tax on any income. Under System B, a progressive tax system, residents would pay 5% on the first $25,000 that they make; then, they would be required to pay 12% on any part of their income that is over $25,000. Cindy has a job and makes a nonzero income. She is in the unique position that it does not matter which tax system goes into place, because she will pay the same amount of taxes under System A and System B. Using algebra and showing your work, what is Cindy's income

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!