Question: what is the correct answer Question 3 1 pts Consider the following new hypothetical tax code: The standard deduction and personal exemption still apply; the
what is the correct answer
Question 3 1 pts Consider the following new hypothetical tax code: The standard deduction and personal exemption still apply; the tax rate on the first $30,000 of taxable income is 12%, and the tax rate on any additional income is 22%. When total income is greater than $44,600, which one of the expressions shows total taxes paid as a function of total income x? 0.22 (x - 44,600) + 6,600 0.22 (x - 14,600) + 6,600 0.22 (x - 14,600) + 3,600 0.12 (x - 14,600) O 0.12 (x - 44,600) @ 0.22 (x - 44,600) + 3,600Step by Step Solution
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