In a given year the U.S. federal income tax owed by a married couple filing jointly can
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In a given year the U.S. federal income tax owed by a married couple filing jointly can be found from the following table:
(a) For incomes up to $137,300, write the piecewise defined function T with input x that models the federal tax dollars due as a function of x, the taxable income dollars earned.
(b) Use the function to find T(70,000).
(c) Find the tax due on a taxable income of $50,000.
(d) A friend tells Jack Waddell not to earn any money over $68,000 because it would raise his tax rate to 25% on all of his taxable income. Test this statement by finding the tax due on $68,000 and 68,000 + $1. What do you conclude?
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Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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