Alternative Minimum Tax The alternative minimum tax was created in 1969 to prevent the very wealthy from using creative deductions and shelters to avoid having to pay anything to the Internal Revenue Service. But it has increasingly hit the middle class. The number of taxpayers subjected to an alternative minimum tax is projected to be 35.5 N(t) (0 sts 7) 1+ 6.89e-0.8674t where N(t) is measured in millions and t is measured in years, with t = 0 corresponding to 2004.t What was the projected number of taxpayers subjected to an alternative minimum tax in 2007? (Round your answer to two decimal places.) million taynavere

Calculus: Early Transcendentals
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ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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Alternative Minimum Tax The alternative minimum tax was created in 1969 to prevent the very wealthy from using
creative deductions and shelters to avoid having to pay anything to the Internal Revenue Service. But it has increasingly hit
the middle class. The number of taxpayers subjected to an alternative minimum tax is projected to be
35.5
N(t) =
1 + 6.89e-0.8674t
(0 sts 7)
where N(t) is measured in millions and t is measured in years, with t = 0 corresponding to 2004.t What was the projected
number of taxpayers subjected to an alternative minimum tax in 2007? (Round your answer to two decimal places.)
million taxpayers
Transcribed Image Text:Alternative Minimum Tax The alternative minimum tax was created in 1969 to prevent the very wealthy from using creative deductions and shelters to avoid having to pay anything to the Internal Revenue Service. But it has increasingly hit the middle class. The number of taxpayers subjected to an alternative minimum tax is projected to be 35.5 N(t) = 1 + 6.89e-0.8674t (0 sts 7) where N(t) is measured in millions and t is measured in years, with t = 0 corresponding to 2004.t What was the projected number of taxpayers subjected to an alternative minimum tax in 2007? (Round your answer to two decimal places.) million taxpayers
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