Alternative Minimum Tax The alternative minimum tax was created in 1969 to prevent the very wealthy from using creative deductions and shelters to avoid having
Alternative Minimum Tax The alternative minimum tax was created in 1969 to prevent the very wealthy from using creative deductions and shelters to avoid having to pay anything to the Internal Revenue Service. But it has increasingly hit the middle class. The number of taxpayers subjected to an alternative minimum tax is projected to be 35.5 N(t) = 1 + 6.89e-0.8674t (0 s t s 7) where N(t) is measured in millions and t is measured in years, with t = 0 corresponding to 2004.t What was the projected number of taxpayers subjected to an alternative minimum tax in 2008? (Round your answer to two decimal places.) 34.21 X million taxpayers Need Help? Read It 8. [-/3 Points] DETAILS TANAPCALC 10 5.1.501.XP. MY NOTES PRACTICE ANOTHER Employers are increasingly turning to GPS (global positioning system) technology to keep track of their fleet vehicles. The estimated number of automatic vehicle trackers installed on fleet vehicles in the United States is approximated by N(t) = 0.55e0.25t (0 sts 9) where N(t) is measured in millions and t is measured in years, with t = 0 corresponding to the year 2000. (a) What was the number (in millions) of automatic vehicle trackers installed in the year 2000? How many were projected to be installed in 2008? (Round your answers to two decimal places.) 2000 million trackers 2008 million trackers (b) Sketch the graph of N. N N 2 2 -6 -4 -2 2 4 -6 -4 -2 2 4 6 -2 -2 -4 -4 - 6 O Z N 2 - t -6 -4 -2 2 4 -6 -4 -2 2 4 -2 -2 -4 -4 -6 -6 O
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