Taxylvania has a tax code that rewards charitable giving. If a person gives pp% of his income to charity, that person pays (40−1.7p)(40−1.7p) % tax on the remaining money. For example, if a person gives 10% of his income to charity, he pays 23 % tax on the remaining money. If a person gives 23.5294117647059 % of his income to charity, he pays no tax on the remaining money. A person does not receive a tax refund if he gives more than 23.5294117647059 % of his income to charity. Count Taxula earns $ 59000. What percentage of his income should he give to charity to maximize the money he has after taxes and charitable giving?

The count should give % to charity.

If the count did receive a tax refund for giving more than 23.5294117647059 % of his income to charity, how much should he give to charity?

The count should give % to charity.

Answer rating: 100% (QA)

dubon Here equation for Corde s 4017P tax eleor fro... View the full answer