In USA there are seven federal tax brackets for the 2020 tax year: 10%, 12%, 22%, 24%, 32%, 35% and 37%. Your bracket depends on your taxable income and filing status. These are the rates for taxes due in April 2021 if you are a single filer. Taxable Income Tax Rate $0 to $9,875 10% $9,876 to $40,125 12% $40,126 to $85,525 22% $85,526 to $163,300 24% $163,301 to $207,350 32% $207,351 to $518,400 35% $518,401 or more 37% Table 2 a) Create a Mathematical Model that represents the aforementioned information to calculate the annual income tax of each slab. b) How much annual income tax you will have to pay if your monthly taxable income is $13,750.
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
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