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(1 point) New York state income tax is based on taxable income which is part of a person's total income. The tax owed to the
(1 point) New York state income tax is based on taxable income which is part of a person's total income. The tax owed to the state is calculated using taxable income (not total income). In 2005, for a single person with a taxable income between $20,000 and $100,000, the tax owed was $973 plus 6.85% of the taxable income over $20,000. Answer the following questions, and DO NOT include any commas in your final answers. (a) Compute the tax owed by a person whose taxable income is $88,000. tax $ 46183 (round to nearest dollar) = (b) Consider a lawyer whose taxable income is 80% of her total income, $x, where x is between $60,000 and $120,000. Write a formula for T(x), the amount of taxable income (not the tax owed, yet). T(x) = (c) Write a formula for L(x), the amount owed by the lawyer in part (b). L(x): = (d) Use L(x) to evaluate the tax liability (amount owed) for x = 110,000 and compare your results to part (a). L(110000) = $ dollar) (round to nearest
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