Suppose that tax paid by a certain person per year is denoted Ti, and is calculated using the following relationship to that persons gross income (G₂): Ti = 0.25(G₁ - 10000) (i.e, only people who have an income over $10,000 per year are taxed, and only the income beyond $10,000). You are told that the total gross income for an area with 200 people is $6,000,000. Assume that all the people measured make over $10,000 a year. (a) Find the total taxes collected for the 200 people. (b) Find Σ10T; for the 200 people. (c) Find (2G; - 40) for the 200 people.

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Suppose that tax paid by a certain person per year is denoted T;, and is calculated using the following relationship to
that persons gross income (G₁):
Ti = 0.25(G₁ - 10000)
(i.e, only people who have an income over $10,000 per year are taxed, and only the income beyond $10,000). You are
told that the total gross income for an area with 200 people is $6,000,000. Assume that all the people measured make
over $10,000 a year.
(a) Find the total taxes collected for the 200 people.
(b) Find ΣT; for the 200 people.
100
(c) Find (2G₁ – 40) for the 200 people.
Transcribed Image Text:Suppose that tax paid by a certain person per year is denoted T;, and is calculated using the following relationship to that persons gross income (G₁): Ti = 0.25(G₁ - 10000) (i.e, only people who have an income over $10,000 per year are taxed, and only the income beyond $10,000). You are told that the total gross income for an area with 200 people is $6,000,000. Assume that all the people measured make over $10,000 a year. (a) Find the total taxes collected for the 200 people. (b) Find ΣT; for the 200 people. 100 (c) Find (2G₁ – 40) for the 200 people.
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