Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Suppose that a certain state has 794,000 people. Let the gross income for the i th person be denoted by G i , the taxes

Suppose that a certain state has 794,000 people. Let the gross income for the ith person be denoted by Gi , the taxes for the ith person be denoted Ti , and the disposable income for the ith person be denoted Di . Suppose that the mean gross income per year is $50,000, and the average taxes per year is $7500.

a.) If the individual disposable income is the gross income minus taxes, write down the equation for Di

b.) Find the average disposable income per year for the entire state.

c.) Find the total taxes per year for the entire state, and the total gross income for year for the entire state.

d.) Find the total disposable income per year for the entire state.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Basic Mathematics With Early Integers

Authors: Charles P McKeague

1st Edition

1936368978, 9781936368976

More Books

Students also viewed these Mathematics questions

Question

3. Use the childs name.

Answered: 1 week ago