2. The 2000 U.S.A. tax rate for married couples was as follows: 10% on an adjusted gross income (AGI) between $0 and $30,000; 20% on the excess over $30,000 on an AGI between $30,000 and $70,000; and 30% on the excess over $70,000 on an AGI between $70,000 and $150,000. (a) Determine the tax function and draw its graph. (b) How much taxes would a married couple pay on an AGI of $95,000? (e) What was the couple's AGI if taxes are $11,000?
2. The 2000 U.S.A. tax rate for married couples was as follows: 10% on an adjusted gross income (AGI) between $0 and $30,000; 20% on the excess over $30,000 on an AGI between $30,000 and $70,000; and 30% on the excess over $70,000 on an AGI between $70,000 and $150,000. (a) Determine the tax function and draw its graph. (b) How much taxes would a married couple pay on an AGI of $95,000? (e) What was the couple's AGI if taxes are $11,000?
Chapter1: Federal Income Taxation—an Overview
Section: Chapter Questions
Problem 43P
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