Here is the Federal Tax Rate Schedule X that specifies the tax owed by a single taxpayer for a recent year.The preceding tax table can be modeled by a piecewise function, where x represents the taxable income of a single taxpayer and T(x) is the tax owed:Use this information to solve Exercises 107–108.

Find and interpret T(50,000).

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If Your Taxable Income Is Over $ 0 $ 8500 $ 34,500 $ 83,600 $174,400 $379,150 But Not Over $ 8500 $ 34,500 $ 83,600 $174,400 $379,150 - The Tax You Owe Is 10% $ 850.00 + 15% $ 4750.00 + 25% $ 17,025.00 + 28% $ 42,449.00 +33% $110,016.50 + 35% Of the Amount Over $ 0 $ 8500 $ 34,500 $ 83,600 $174,400 $379,150