5.Using the given formula, complete net income (i.e. taxable income-taxes) for those with the taxable incomes shown below. Using this formula the tax on 9701 will be 970+0.12(97019700)=970+0.12(1)=$970. 12. This means that your tax only goes up 12 cents instead of almost $200. The graphs show these two scenarios. The correct scenario is shown on Graph 1. The incorrect scenario is shown on Graph 2. 4. Find a formula for the piecewise function where the taxable income is the input and the tax is the output using the table on page 1. 5.Using the given formula, complete net income (i.e. taxable income-taxes) for those with the taxable incomes shown below. 5.Using the given formula, complete net income (i.e. taxable income-taxes) for those with the taxable incomes shown below. Using this formula the tax on 9701 will be 970+0.12(97019700)=970+0.12(1)=$970. 12. This means that your tax only goes up 12 cents instead of almost $200. The graphs show these two scenarios. The correct scenario is shown on Graph 1. The incorrect scenario is shown on Graph 2. 4. Find a formula for the piecewise function where the taxable income is the input and the tax is the output using the table on page 1. 5.Using the given formula, complete net income (i.e. taxable income-taxes) for those with the taxable incomes shown below