(b) Use the function to find T(30,000). $ (c) Find the tax due on a taxable income of $120,000.

Calculus: Early Transcendentals
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ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
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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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(b) Use the function to find T(30,000).
(c) Find the tax due on a taxable income of $120,000.
Transcribed Image Text:(b) Use the function to find T(30,000). (c) Find the tax due on a taxable income of $120,000.
In a given year, the U.S. federal income tax owed by a married couple filing jointly can be found from the following table.
Married Filing Jointly
Taxable Income
$0-$18,550
$18,551-$75,300
$75,301-$151,900
$151,901-$231,450
$231,451-$413,350
$413,351-$466,950
$466,951 or more
Tax Rate
10%
$1,855 plus 15% of the
amount over $18,550
$10,367.50 plus 25% of the
amount over $75,300
$29,517.50 plus 28% of the
amoun Source: Internal Revenue Service,
Form 1040 Instructions
$51,791.50 plus 33% of the
amount over $231,450
$111,818.50 plus 35% of the
amount over $413,350
$130,578.50 plus 39.6% of
the amount over $466,950
Transcribed Image Text:In a given year, the U.S. federal income tax owed by a married couple filing jointly can be found from the following table. Married Filing Jointly Taxable Income $0-$18,550 $18,551-$75,300 $75,301-$151,900 $151,901-$231,450 $231,451-$413,350 $413,351-$466,950 $466,951 or more Tax Rate 10% $1,855 plus 15% of the amount over $18,550 $10,367.50 plus 25% of the amount over $75,300 $29,517.50 plus 28% of the amoun Source: Internal Revenue Service, Form 1040 Instructions $51,791.50 plus 33% of the amount over $231,450 $111,818.50 plus 35% of the amount over $413,350 $130,578.50 plus 39.6% of the amount over $466,950
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