Question: Using data from 2010 and projected to 2018, the federal income tax per capita can be approximated by the equation y = 486.48t + 3486.84

Using data from 2010 and projected to 2018, the federal income tax per capita can be approximated by the equation

y = 486.48t + 3486.84

where t is the number of years past 2010 and y is in dollars (Source: usgovernmentrevenue.com).

(a) What t-value corresponds to 2018?

(b) Find the approximate federal income tax per capita in 2018.

(c) If the equation applies after 2018, in what year is the federal income tax per capita expected to exceed $10,000?

Step by Step Solution

★★★★★

3.34 Rating (157 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

y 48648 348684 a t 2018 2010 8 b y 486488 348... View full answer

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

Document Format (1 attachment)

Word file Icon

1386-M-C-L-A-D(2303).docx

120 KBs Word File

Students Have Also Explored These Related Calculus Questions!

Q:

Using data from 2010 and projected to 2016, the number of millions of U.S. cell phone users can be described by Y = - 0.187x2 + 5.71x + 232 where x is the number of years past 2010. (a) Use a table...

Q:

Using data from 2010 and projected to 2016, the fraction of U.S. cell phone users who are smart phone users can be modeled by the function where t is equal to the number of years after 2010 (a) Is...

Q:

Centers for Disease Control and Prevention data from 2010 and projected to 2050 indicate that adult diabetes in the United States could dramatically increase. With x0 in 2000, the percent of U.S....

Q:

Federal Income Tax Per Capita Using data from 2010 and projected to 2018, the federal income tax per capita is given by the function y = f(x) = 486.48x +3486.84, where x is the number of years after...

Q:

Federal Income Tax Per Capita Using data from 2010 and projected to 2018, the federal income tax per capita is given by the function y = f(x) = 486.48x +3486.84, where x is the number of years after...

Q:

Federal Income Tax Per Capita Using data from 2010 and projected to 2018, the federal income tax per capita is given by the function y = f(x) = 486.48x +3486.84, where x is the number of years after...

Q:

Federal Income Tax Per Capita Using data from 2010 and projected to 2018, the federal income tax per capita is given by the function y = f(x) = 486.48x +3486.84, where x is the number of years after...

Q:

1. [-/1 Points] DETAILS HARMATHAP12 1.1.002. MY NOTES ASK YOUR TEACHER Solve the equation. 2x + 29 = 8x + 5 X = Need Help? Read It Submit Answer 2. [-/1 Points] DETAILS HARMATHAP12 1.1.003. MY NOTES...

Q:

SA-TIED YOUNG SCHOLARS PROGRAMME Young Scholars This paper was produced as a part of the SA-TIED Young Scholars' programme. The programme is a part of SATIED's capacity building initiatives, designed...

Q:

1. Analyze the financial and operational risks of Tesla and compare with its peers. 2. Carry out year on year change analysis and try to forecast Net Income to Q2 2021. I leave this to you to either...

Q:

You expect a stock to pay dividends of $1.80, $1.95 and $2.60 over the next 3 years. You believe the stock will sell for $30.00 at the end of the third year. A. If the discount rate of the stock is...

Q:

For each of the following six loans, compute the size of the final payment. Periodic Payment 100 775 580 1600 1650 425 Payment Period 3 months 6 months 3 months 6 months 3 months l month Payment Made...

Q:

9.32 Defne circadian rhythm.

Q:

. I assumed an initial attractiveness of 30 for both strategies. What happens if the initial attractiveness of both is 10 or is 100? What has this got to do with initial beliefs?

Q:

The dollars per capita of federal tax burden T can be modeled by T = 2.11x 3 - 93.01x 2 + 1373.9x + 394 where x is the number of years past 1990. (a) Graph this function for values of x that...

Q:

Write the equation of the line passing through (3, 1) that is perpendicular to 5x - 6y = 4.

Q:

Write the equation of the line passing through (6, -4) that is parallel to 4x - 5y = 6.

Q:

show step by step please. (Security market line) James Fromholtz is considering whether to invest in a newly formed investment fund. The fund's investment objective is to acquire home mortgage...

Q:

Course Project 1 - Brainstorming They will provide the roadmap and specific examples for how to complete your work. The Course Project consists of a Needs Assessment, an Action Plan based on what you...

Q:

help ASAP please!! sustainable growth As a firm grows, it must support increases in revenue with new investments in assets. The self-supporting growth model helos a firm asseks how apidly it can...