The amount of income tax T equals T left parenthesis I right parenthesis, in dollars, owed to the state of Oklahoma is a linear function of the taxable income I, in dollars, at least over a suitably restricted range of incomes. According to the Oklahoma Income Tax table for the year 2015, a single Oklahoma resident taxpayer with a taxable income of $16,500 owes $649 in Oklahoma income tax. If the taxable income is$17,000 , then the table shows a tax liability of $714. Q1: Write two ordered pairs for this problem. Q2: In order to find a linear model, we need to find the slope first. You must show your work how to find the slope. You can find help how to find a slope for this problem in your eBook Example 3.3 (Oklahoma Income Tax). Q3: Find the intercept b. You must show your work how to find the y-intercept. Q4: Write the equation for this problem. Q5: How much does the taxpayer owe if the taxable income is $18,300?
The amount of income tax T equals T left parenthesis I right parenthesis, in dollars, owed to the state of Oklahoma is a linear function of the taxable income I, in dollars, at least over a suitably restricted range of incomes. According to the Oklahoma Income Tax table for the year 2015, a single Oklahoma resident taxpayer with a taxable income of $16,500 owes $649 in Oklahoma income tax. If the taxable income is$17,000 , then the table shows a tax liability of $714.
Q1: Write two ordered pairs for this problem.
Q2: In order to find a linear model, we need to find the slope first. You must show your work how to find the slope. You can find help how to find a slope for this problem in your eBook Example 3.3 (Oklahoma Income Tax).
Q3: Find the intercept b. You must show your work how to find the y-intercept.
Q4: Write the equation for this problem.
Q5: How much does the taxpayer owe if the taxable income is $18,300?
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