Question
(6 points) Taxylvania has a tax code that rewards charitable giving. If a person gives pp% of his income to charity, that person pays (401.7p)(401.7p)
(6 points) Taxylvania has a tax code that rewards charitable giving. If a person gives pp% of his income to charity, that person pays (401.7p)(401.7p) % tax on the remaining money. For example, if a person gives 10% of his income to charity, he pays 23 % tax on the remaining money. If a person gives 23.5294117647059 % of his income to charity, he pays no tax on the remaining money. A person does not receive a tax refund if he gives more than 23.5294117647059 % of his income to charity. Count Taxula earns $ 59000. What percentage of his income should he give to charity to maximize the money he has after taxes and charitable giving? The count should give % to charity. If the count did receive a tax refund for giving more than 23.5294117647059 % of his income to charity, how much should he give to charity? The count should give % to charity. NOTE: Your answers must be numbers. No arithmetic operations are allowed.
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