FRED 120 Barrel 115 110 - Crude Oil Prices: West Texas Intermediate (WTI)-Cushing, Oklahoma
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- What is the total effect on the economy of a government tax rebate of $500 to each household in order to stimulate the economy if each household will spend of the rebate in goods and services?Tax Table Here are selected entries from the 2014 tax table that show the federal income tax owed by those married and filing jointly. The taxable income and the tax are both in dollars. Taxable income Tax 72, 000 9896 72, 200 9926 72, 400 9956 72, 600 9986 72, 800 10, 016 73, 000 10, 046 73, 200 10, 076 73, 400 10, 106 73, 600 10, 136 73, 800 10, 169 74, 000 10, 219 74, 200 10, 269 Over what two parts of this table is the tax a linear function of the taxable income? Find formulas for both linear functions, and explain in practical terms what the slopes mean.