If Your Taxable But The Tax Of the Income Not You Amount Is Over Over Owe Is Over $ 8500 $ 34,500 $ 83,600 $ 10% 2$ $ 8500 $ 34,500 $ 83,600 $ 8500 $ 34,500 $ 83,600 $ 850.00 + 15% $ 4750.00 + 25% $ 17,025.00 + 28% $ 42,449.00 + 33% $174,400 $174,400 $379,150 $174,400 $379,150 $110,016.50 + 35% $379,150 0 379,150.
If Your Taxable But The Tax Of the Income Not You Amount Is Over Over Owe Is Over $ 8500 $ 34,500 $ 83,600 $ 10% 2$ $ 8500 $ 34,500 $ 83,600 $ 8500 $ 34,500 $ 83,600 $ 850.00 + 15% $ 4750.00 + 25% $ 17,025.00 + 28% $ 42,449.00 + 33% $174,400 $174,400 $379,150 $174,400 $379,150 $110,016.50 + 35% $379,150 0 379,150.
Chapter8: Consolidated Tax Returns
Section: Chapter Questions
Problem 35P
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Question
Here is the Federal Tax Rate Schedule X (see attached) that specifies the tax owed by a single taxpayer for a recent year.
The given tax table can be modeled by a piecewise function (see attached), where x represents the taxable income of a single taxpayer and T(x) is the tax owed.
Then Find and interpret T(50,000).
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