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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
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 the taxable income not total income In for a single person with a taxable income between $ and $ the tax owed was $ plus of the taxable income over $
a Compute the tax owed by a lawyer whose taxable income is $ NOTE: Round to the nearest cent.
Tax owed
b Consider a lawyer whose taxable income is of her total income, where is between $ and $ Assuming her total income is between $ and $ write a
formula for the taxable income.
c Write a formula for the amount of tax owed by the lawyer in part b NOTE: Enter the exact answer or round to decimal places.
d Use to evaluate the tax owed for and compare your results to part a NOTE: Round to the nearest cent.
Tax owed $
The values from a and d are
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