A Quantitative Reasoning Approach Chapter 3E #29 A Tax Cut. answer A. B. & C.

29, A Tax Cut. According to an analysis of a proposed federal tax cut by the accounting firm Deloitte and Touche, son with a household income of $41,000 would save $211 in income taxes, while a single person with a household income of $530,000 would save $12,838 in taxes. A married couple with two children and a household income of $41,000 would save $1208 in income taxes, while a married couple with two children and a household income of $530,000 would save single per- a $13,442 in taxes. a. Find the absolute difference in savings betweena single person earning $41,000 and a single person earning $530,000. Then express the savings as a percentage of earnings for each person. b. Find the absolute difference in savings between a married couple with two children earning $41,000 and a married couple with two children earning $530,000. Then express the savings as a percentage of earnings for each couple. c. Write a paragraph either defending or disputing the posi- tion that the tax cut helps lower-income people