Use the following federal tax table for a single person claiming one personal exemption. Taxable Income I
Question:
Taxable Income I ___________________________ Tax Due T
0-8375 ............................................................. 10% I
8376-34,000 ................................ 837.50 + 15% (I - 8375)
34,001-82,400 .......................... 4681.25 + 25% (I - 34,000)
82,401-171,850 ...................... 16,781.25 + 28% (I - 82,400)
171,851-373,650 ................... 41,827.25 + 33% (I - 171,850)
Over 373,650 ....................... 108,421.25 + 35% (I - 373,650)
(a) Write the last three taxable income ranges as inequalities.
(b) If an individual has a taxable income of $34,000, calculate the tax due. Repeat this calculation for a taxable income of $82,400.
(c) Write an interval that represents the amount of tax due for a taxable income between $34,000 and $82,400?
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Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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