The family budget is illustrated Distribution of Family Monthly Take-Home Pay in the figure to the right. What percent of the take-home pay is allocated for food? Food $375 Housing $400 Insurance $80 Education $70 Personal $80 Miscellaneous $70

Workers in the U.S. pay several types of taxes on income, including federal income tax. The federal income tax rate is based on the amount of money a worker makes. Income is broken into levels called tax brackets. The table below shows the tax brackets for a single taxpayer in 2019. Tax Brackets for 2022 Taxable income Tax $0 to $10,275 $10,275 to $41,775 $41,775 to $89,075 $89,075 to $170,050 $170,050 to $215,950 $215,950 to $539,900 $539,900 or more 4 Calculate the income tax for a single person earning $25,000 of taxable income. Make sure you write down any work, calculations, or reasoning that you used to get 10% of taxable income $1,027.50 plus 12% of the excess over $10,275 $4,807.50 plus 22% of the excess over $41,775 $15,213.50 plus 24% of the excess over $89,075 $34,647.50 plus 32% of the excess over $170,050 $49,335.50 plus 35% of the excess over $215,950 $162,718 plus 37% of the excess over $539,900

Movieflix, an online movie streaming service that offers a wide variety of award-winning TV shows, movies, animes, and documentaries, would like to determine the mathematical trend ofmemberships in order to project future needs.   MovieFlix - Advertising and Subscriptions Year  Advertising Expenditure      $ 000   Membership Subscriptions 2013                    51 62 2014                    58 68 2015 62 66 2016 65 66 2017                    68 67 2018                    76 72 2019                    77 73 2020                    78 72 2021                    78 78 2022                    84 73 2023                    85 76                   (i) Plot the scattergraph for the data.

Federal Income tax owed by a married couple filing jointly can be found from the following table. Married Filing Jointly Taxable Income $0-$18,550 $18,551-$75,300 $75,301-$151,900 $151,901-$231,450 T(x) = $231,451-$413,350 $413,351-$466,950 $466,951 or more 10% if Tax Rate $1,855 plus 15% of the amount over $18,550 $10,367.50 plus 25% of the amount over $75,300 $29,517.50 plus 28% of the amount over $151,900 $51,791.50 plus 33% of the amount over $231,450 $111,818.50 plus 35% of the amount over $413,350 (a) For incomes up to $151,900, write the piecewise defined function T with input x that models the federal tax dollars due as a function of x, the taxable income dollars earned $130,578.50 plus 39.6% of the amount over $466,950 0 < x≤ 18,550 if 18,550 < x≤ 75,300 (b) Use the function to find T(40,000). $ if 75,300 < x≤ 151,900 (c) Find the tax due on a taxable income of $100,000. $ (d) A friend tells Jack Waddell not to earn any money over $75,300 because it will raise his tax rate to…

Many factors influence the retail price of gasoline. Suppose the following table shows the average retail price for a gallon of regular grade gasoline for each year from 2011 through 2014. (Round your answers to one decimal place.) Year Average Price ($) 2011 3.531 2012 3.618 2013 3.515 2014 3.348 (a) Use 2011 as the base year and develop a price index for the retail price of a gallon of regular grade gasoline over this four-year period. 2011 price index 100 100.0 2012 price index 2013 price index X X 100.1 2014 price index 100.1 X (b) Use 2012 as the base year and develop a price index for the retail price of a gallon of regular grade gasoline over this four-year period. 2011 price index X 100.0 2012 price index 100 2013 price index 100.0 X 2014 price index 100.1 X

Year   Net Income Expenses 2013    $27,200       $19,800 2014.   $23,700       $18,500 2015    $31,500       $23,900 2016    $33,600       $25,800 2017.   $38,900       $29,200 2018    $41,400       $39,700 2019    $48,600       $37,300 a. What was Dana’s net income, in total for years 2013-19? b. In what year did Dana’s net income most exceed her expenses? c. Suggest a reasonable explanation for why Dana’s 2018 expenses were nearly as much as her income? (Use your business-minded logic, here. There are a number of possible explanations) d. What percent of Dana’s 2016 net income was needed for expenses? (to the nearest tenth of a %) e. What percent of her entire net income in these 7 years was Dana able to save? (nearest tenth of a %)

SCAN GRAPHICS SECTION 9.3 | Percent 535 3. Dee Pinckney is married and filing jointly. She has an adjusted gross income of $58,120. The W-2 form shows the amount withheld as $7124. Find Dee's tax liability and determine her tax refund or balance due. 4. Jeremy Littlefield is single and has an adjusted gross income of $152,600. His W-2 form lists the amount withheld as $36,500. Find Jeremy's tax liability and determine his tax refund or balance due. 5. 6. Does a taxpayer in the 33% tax bracket pay 33% of his or her earnings in income tax? Explain your answer. In the table for single taxpayers, how were the figures $922.50 and $5156.25 arrived at? .3 hich percent is used. 00% is the same as multi- mber? 14. Credit Cards A credit card company offers an annual 2% cash-back rebate on all gasoline purchases. If a family spent $6200 on gasoline purchases over the course of a year, what was the family's rebate at the end of the year? Charitable t fractions, decimals, and 15. al Percent…

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The family budget is illustrated in the figure to the right. What percent of take-home pay is spent for education if education, savings, and miscellaneous funds are used for education? The percent of total take-home pay used for education is Distribution of Family Monthly Take-Home Pay Food $450 Housing $400 Insurance $90 Education $110 Personal $70 Miscellaneous $90 Clothing $160 Savings $160 Transportation $270

Medicare's new medical plans offer a wide range of variations and choices for seniors when picking a drug plan. The monthly cost for a stand-alone drug plan varies from plan to plan and from state to state. The accompanying table gives the premium for the plan with the lowest cost for each state. State Cost per Month (dollars) Alabama 3.84 Alaska 1.87 Arizona 13.87 Arkansas 8.26 California 19.88 Colorado 10.63 Connecticut 4.34 Delaware 6.29 District of Columbia 7.01 Florida 17.73 Georgia 12.39 Hawaii 6.22 Idaho 9.73 Illinois 20.86 Indiana 3.28 Iowa 8.86 Kansas 1.87 Kentucky 8.75 Louisiana 9.65 Maine 1.87 Maryland 6.78 Massachusetts 10.68 Michigan 17.59 Minnesota 8.99 Mississippi 9.60 Missouri 10.10 Montana 10.13 Nebraska 10.33 Nevada 1.87 New Hampshire 10.00 New Jersey 13.92 New Mexico 8.87 New York 13.17 North Carolina 17.90 North Dakota 12.55 Ohio 1.87 Oklahoma 6.41 Oregon 1.87 Pennsylvania 15.68…