In a certain country, income tax is assessed as follows: There is NO tax on income up to $15,000. Income over $15,000 up to $30,000 is taxed at 12%. Income over $30,000 is taxed at 18%. Answer the following questions in a paragraph. 1) Write the piecewise function of this country (make sure to use decimals instead of percent). 2) Determine how much tax is to be paid on an income of $20,000.
In a certain country, income tax is assessed as follows: There is NO tax on income up to $15,000. Income over $15,000 up to $30,000 is taxed at 12%. Income over $30,000 is taxed at 18%. Answer the following questions in a paragraph. 1) Write the piecewise function of this country (make sure to use decimals instead of percent). 2) Determine how much tax is to be paid on an income of $20,000.
Chapter11: Fiscal Policy And The Federal Budget
Section11.1: The Federal Budget
Problem 2ST
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In a certain country, income tax is assessed as follows:
There is NO tax on income up to $15,000. Income over $15,000 up to $30,000 is taxed at 12%. Income over $30,000 is taxed at 18%.
Answer the following questions in a paragraph.
1) Write the piecewise function of this country (make sure to use decimals instead of percent).
2) Determine how much tax is to be paid on an income of $20,000.
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