Below is a proposed alternative to the current federal income tax system based on a taxpayer's annual income: For the first $150,000 of income, every dollar is taxed at a rate of 10% . Each additional dollar over $150,000 is taxed at a rate of 22% for up to $225,000 of income. Each additional dollar over -$225,000 is taxed at a rate of 31% for up to $475,000 of income. Every dollar over $475,000 is taxed at a rate of 47% . (a) Find a piecewise-defined function I that specifies the yearly federal income tax for a person earning X dollars per year. if x if if 0.1x sv 150000 .22x-150000 The submission, .22x-150000, is incorrect. 150000 Xsv 225000 T(x) = .31x The submission, .31x, is incorrect. 225000 Xsv 475000 if r>v 475000 .47x The submission, .47x, is incorrect.
Below is a proposed alternative to the current federal income tax system based on a taxpayer's annual income: For the first $150,000 of income, every dollar is taxed at a rate of 10% . Each additional dollar over $150,000 is taxed at a rate of 22% for up to $225,000 of income. Each additional dollar over -$225,000 is taxed at a rate of 31% for up to $475,000 of income. Every dollar over $475,000 is taxed at a rate of 47% . (a) Find a piecewise-defined function I that specifies the yearly federal income tax for a person earning X dollars per year. if x if if 0.1x sv 150000 .22x-150000 The submission, .22x-150000, is incorrect. 150000 Xsv 225000 T(x) = .31x The submission, .31x, is incorrect. 225000 Xsv 475000 if r>v 475000 .47x The submission, .47x, is incorrect.
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...
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Transcribed Image Text:Below is a proposed alternative to the current federal income tax system based on a taxpayer's annual income:
For the first $150,000 of income, every dollar is taxed at a rate of 10% .
$150,000 is taxed at a rate of 22% for up to $225,000 of income.
Each additional dollar over
$225,000 is taxed at a rate of 31% for up to $475,000 of income.
Each additional dollar over
Every dollar over
$475,000 is taxed at a rate of 47% .
(a) Find a piecewise-defined function I that specifies the yearly federal income tax for a person earning X dollars per year.
if x
if
if
if x-
0.1x
150000
.22x-150000
The submission, .22x-150000, is incorrect.
150000
くv
225000
T(x)
.31x
The submission, .31x, is incorrect.
225000
< Xsv475000
.47x
The submission, .47x, is incorrect.
475000
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