A tax rate schedule is given in the table. If x equals taxable income and y equals the tax due, construct a function y = f(x) for the tax schedule. f(x) = If taxable The tax is Of the But not Plus income is this excess over this % over amount over 이 7,500 0.00 + 10% 7,500 30,600 750.00 + 17% 7,500 30,600 74,200 74,200 4,677.00 + 25% 30,600 15,577.00 + 31% 74,200 0.1x +(x- +(x-1) if 0 < x≤7,500 if 7,500 74,200
A tax rate schedule is given in the table. If x equals taxable income and y equals the tax due, construct a function y = f(x) for the tax schedule. f(x) = If taxable The tax is Of the But not Plus income is this excess over this % over amount over 이 7,500 0.00 + 10% 7,500 30,600 750.00 + 17% 7,500 30,600 74,200 74,200 4,677.00 + 25% 30,600 15,577.00 + 31% 74,200 0.1x +(x- +(x-1) if 0 < x≤7,500 if 7,500 74,200
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:A tax rate schedule is
given in the table. If x
equals taxable income
and y equals the
tax due, construct a
function y = f(x) for the
tax schedule.
f(x) =
If taxable
The tax is
Of the
But not
Plus
income is
this
excess
over
this %
over
amount
over
이 7,500
0.00 +
10%
7,500
30,600
750.00 +
17%
7,500
30,600 74,200
74,200
4,677.00 +
25%
30,600
15,577.00 +
31%
74,200
0.1x
+(x-
+(x-1)
if 0 < x≤7,500
if 7,500 <x≤30,600
if 30,600 <x≤74,200
15,577.00 +0.31(x-74,200) if x > 74,200
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