PART 3: House Tax PLHN FOR 2918 For 291? the actual tax brackets for a single tax ler were: - For taxable income from $9 to $9,325, you pay 19% of it in taxes, plus - For taxable income from $9,326 to $32,959, you pay 15% of it in taxes, plus i For taxable income from $32,951 to $91,999, you pay 25% of it in taxes, plus - For taxable income from $91,991 to $191,659, you pay 29% of it in taxes, plus - For taxable income from $191,651 to $416,299, you pay 33% of it in taxes, plus - For taxable income from $416,291 to $419,499, you pay 35% of it in taxes, plus i For taxable income at or aboye $419,491, you pay 39.6%. At the end of 291?, the House proposed a new tax plan: {mp:ifwww.businessinsider.com[tax-brackets-2919-trump-tax-plan- chart-house-senate-comparison-291?-11]_ Proposed New Tax. Plan: - For taxable income from $9 to $45,999, you pay 12% of it in taxes, plus I For taxable income from $45,991 to $299,999, you pay 25% of it in taxes, plus - For taxable income from $299,991 to $599,999, you pay 35% of it in taxes, plus - For taxable income of $599,991 or more, you pay 39.6%. Where the standard deduction was raised to $,299 and the personal exemption was eliminated. For the remaining exercises, we will only consider 1. Complete both of the tables below: Taxable Income Maximum Maximum Money in Tax in Lower Bound Upper Bound Rate Bracket Bracket $0 $45,000 12% $5,400 $45,000 $155,000 $200,000 $105,000 No Limit No Limit No Limit Total Income Maximum Maximum Money in Tax in Lower Bound Upper Bound Rate Bracket Bracket $0 $12,200 0% $12,200 $0 $57,200 $45,000 $38,750 $512,200 | No Limit No Limit No Limit 2. How many slopes would be on this graph? 3. Write a function to model the total tax paid, T(x), with a total income of x dollars. 4. How much does a person pay in taxes if their total income is $210,000? 5. What is the slope of the line when an individual's total income is $210,000