KA tax rate schedule isgiven in the table. If xequals taxable incomeand y equals thetax due, construct afunction y = f(x) for thetax schedule.f(x) =0.11x+(x-D☐+(×-D)If taxableincome isoverBut notover08,00030,700 74,30074,300The tax isthisamount0.00 +8,00030,700 880.00 +4,512.00 +14,976.00 +if 0 74,300Plusthis %11%16%24%31%Of theexcessover08,00030,70074,300

UStaxation - The USA has separate federal, local and state governments with taxes imposed at each of…

Answered: f(x) = 0.11x +(x- if 0 74,300

Business

Accounting

f(x) = 0.11x +(x- if 0 74,300

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: Maximize z=x₁ + 2x2 + 4x3 + 6x4 subject to: x1 + 2x2 + 3x3 + x4 ≤ 100 3x1 + x2 + 2x3 + x4 ≤75 with…

A: The objective of the question is to find the maximum value of z given the constraints and the…

Q: 0 -260 1 79.7 2 91.2 3 62.4 Terminal CF → 4 54.7 35.0 89.7 Enter CFs into calculator CF register and…

A: Cashflows:Cashflows refer to the movement of money into and out of a business or individual's…

Q: Assume Model 2 with D₁ = $2 and r= 10%. Calculate different Po's with g = 0%, 1%, , 3%, 4%, 5%, 6%,…

A: Dividend Discount Model (DDM) is a method used to value a stock by estimating its future dividend…

Q: Pulangan Geometrik = __% Geometric return=_%

A: To determine the geometric mean, we first need to compute the change in price using the formula…

Q: None

A: Dear student, I have provided an answer and explanation to your assignment. Please pay close…

Q: Previous 0 394 At least one of the answers above is NOT correct. 2 of the questions remain…

A: To find the absolute maximum and absolute minimum values of the function f(x)=x3+6x2−63x+2 over each…

Q: If i = 296, the value of X in the following CFD is nearest to: 100 100 100 100 100 Selected Answer:…

A: IRR means internal rate of return which means that percentage where present value of cash inflow and…

Q: Selected assumptions for 2018 Sales growth rate 9 % Cost of goods sold/Sales 62 % Dividends/Net…

A: According to the data, The sales projected for 2018 would be the Sale of 2017 + the increase in…

Q: For S= 105, r = 0.05, compute the following: (a) Find the value of P100(105, T-1) - C100 (105, T −…

A: We have to find the value of several portfolios of put and call options, at different time to…

Q: If xestimatexestimate is estimated with a relative error of 0.001251 and an absolute error of…

A: Let's denote the estimated value as xestimate and the true value as x.Given:Relative error =…

Q: Number 4 is a decrete return. Number 5 is a Continuous return. Discreet return (#4) =P1P0−1…

A: Month Price At Month End Dec $ 54.00 Jan $ 53.30 Feb…

Q: B D E H K 1 Suppose we observe the following rates: M 2 3 1R1 4 E(2r1) 5 E(3r1) 6 E(4r1) 7 E(5r1) 8…

A: A lender charges a borrower an interest rate, i.e., a percentage of the principal (the amount…

Q: Solve the following problem. PV = $18,372; n = 79; i = 0.021; PMT= ?; PMT=$ (Round to two decimal…

A: Data given: PV=$18,372 n=79 i=0.021 PMT= ?

Q: A. B. Expected return (%) C. D. 12- 10 OR- Actual 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 1.1…

A: Determining the pricing status of share R in light of the provided chart is at issue. Based on all…

Q: 1. 1000 + 79000= 2. 3. 12500= 4. 163000= 48000+ 5. 1680= 118400+. = 11500 + 285000 + 5000

A: Step 1 Assets = Liabilities + Shareholder’s Equity The accounting equation is considered to be the…

Q: 14. Which of the following can be used to calculate the value of X in the following CFD: a. X= 10…

A: Value of X can be calculated by calculating the future value of the cashflow from year 1 to 8. Cash…

Q: Calculate the expected value of the scenario. X₁ P(x₁) -$0.25 0.1 SO 0.5 $0.25 0.1 $0.50 0.3

A: Xi P(Xi) $ -0.25 0.1 $ - 0.5 $ 0.25 0.1 $…

Q: Hello, which table would I use to find the ratio of exchange in a stock? I'm attaching the tables,…

A: Answer. To find Ratio of exchange in shares ~ Table 4 NCC & Portable additional data would be…

Q: how come the CLV will be this, "CLV = ($30 * $24) / (1 + 0.1 - 0.9) = $72"

A: This is a follow-up question.The selling price per unit = $5Number of purchase by single customers =…

Q: None

A: To represent the given financial formulas using KaTeX, you need to know the appropriate syntax.…

Q: 1000 x (1+r)"

A: Given: PV = 1,000, r = 0.089, n = 13 Formula: V*(1+r)^n

Q: L(RS, YUS) = 10 YUS RS +1

A: The solution to the equation L(RS,YUS)=10 YUS RS+1 is:RS=10YUSL(RS,YUS)−1 This can be found by…

Q: Consider the radiation with the following wavelengths: 1. 600 nm II. 200 nm III. 1200 nm Arrange by:…

Question

K
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) =
0.11x
+(x-D
☐+(×-D)
If taxable
income is
over
But not
over
0
8,000
30,700 74,300
74,300
The tax is
this
amount
0.00 +
8,000
30,700 880.00 +
4,512.00 +
14,976.00 +
if 0<x<8,000
if 8,000 < x≤30,700
if 30,700<x<74,300
14,976.00+0.31(x-74,300) if x > 74,300
Plus
this %
11%
16%
24%
31%
Of the
excess
over
0
8,000
30,700
74,300

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1: function f(x) for the tax schedule

VIEW

Step 2: Denoting the tax using f(x) function

VIEW

Solution

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Please Introduction and explanation no plagiarism please
No chatgpt used i will give 5 upvotes typing please i need both answers
Hambelton Ltd. issued $5,000,000 of 5% bonds payable on 1 September 20X9 to yield 4%. Interest on the bonds is paid semi-annually and is payable each 28 February and 31 August. The bonds were dated 1 March 20X8, and had an original term of five years. The accounting period ends on 31 December. The effective-interest method is used. (PV of $1, PVA of $1, and PVAD of $1.) (Use appropriate factor(s) from the tables provided.) Required: 1. Determine the price at which the bonds were issued. (Round time value factor to 5 decimal places. Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount.) Price of Bond 2. Prepare a bond amortization table for the life of the bond. (Round time value factor to 5 decimal places. Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Leave no cells blank - be certain to enter "O" wherever required.) Interest Interest Premium Unamortized Net Bond Date Payment Expense…
No chatgpt used i will give 5 upvotes typing please both answers pls
Refer to the scattergram and the Ordinary Least Squares line of best fit, in Figure 1. T 10 8 6 4 2 0 0 2 4) Figure 1 y=-0.7941x10.515 R=0.9425 4 6 X 8 If x increases by 1 unit, y will 10 12 1) increases by 0.7941 units. 2) decreases by 0.7941 units. 3) increases by (0.7941 +10.515) units. decreases by (0.7941+ 10.515) units.
PMT= 84000, N =20, PV = -1017000, I = ?
5....