Find the total federal income tax for a person earning $196,520 per year. Enter an exact answer only, no approximations. Тах Submit Answer Tries 0/99 Find the total federal income tax for a person earning $337,405 per year. Enter an exact answer only, no approximations. Тах

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
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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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
if x
T(x) =
>
>
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% . 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 if x T(x) = > >
Find the total federal income tax for a person earning
$196,52 0 per year. Enter an exact answer only, no approximations.
Тах —
$ =
Submit Answer
Tries 0/99
Find the total federal income tax for a person earning
$337,405
per year. Enter an exact answer only, no approximations.
Tax = $
Transcribed Image Text:Find the total federal income tax for a person earning $196,52 0 per year. Enter an exact answer only, no approximations. Тах — $ = Submit Answer Tries 0/99 Find the total federal income tax for a person earning $337,405 per year. Enter an exact answer only, no approximations. Tax = $
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ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College