The following table shows tax due for the given taxable income level for a single taxpayer.| Taxable Income | Tax Due ||----------------|---------|| $97,000 | $21,913 || $97,050 | $21,927 || $97,100 | $21,941 || $97,150 | $21,955 || $97,200 | $21,969 |(a) Show that the data in the table are linear.For every change of $50 in the taxable income, there is a **constant** change of $___ in the tax due.These data exhibit a **constant** rate of change and **are** linear.(b) How much additional tax is due on each dollar over $97,000? (Round your answer to the nearest cent.)$ ___ per dollar(c) What would you expect for your tax due if you had a taxable income of $97,000?$ ___What would you expect for your tax due if you had a taxable income of $98,000?$ ___(d) Find a linear formula that gives tax due T if your income is A dollars over $97,000. (Round equation parameters to two decimal places.)T = ___

The following table shows tax due for the given taxable income level for a single taxpayer. Taxable income Tax due $97,000 $97,050 $97,100 $97,150 $97,200 $21,913 $21,927 $21,941 $21,955 $21,969 (a) Show that the data in the table are linear. For every change of $50 in the taxable income there is constant change of $ 1.00 X in the tax due. These data exhibit a constant rate of change and are vv linear. (b) How much additional tax is due on each dollar over $97,000? (Round your answer to the nearest cent.) $ per dollar (c) What would you expect for your tax due if you had a taxable income of $97,000? $4 What would you expect for your tax due you had a taxable income of $98,000? (d) Find a linear formula that gives tax due T if your income is A dollars over $97,000. (Round equation parameters to two decimal places.) T =

The following table shows tax due for the given taxable income level for a single taxpayer. Taxable income Tax due $97,000 $97,050 $97,100 $97,150 $97,200 $21,913 $21,927 $21,941 $21,955 $21,969 (a) Show that the data in the table are linear. For every change of $50 in the taxable income there is constant change of $ 1.00 X in the tax due. These data exhibit a constant rate of change and are vv linear. (b) How much additional tax is due on each dollar over $97,000? (Round your answer to the nearest cent.) $ per dollar (c) What would you expect for your tax due if you had a taxable income of $97,000? $4 What would you expect for your tax due you had a taxable income of $98,000? (d) Find a linear formula that gives tax due T if your income is A dollars over $97,000. (Round equation parameters to two decimal places.) T =

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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answer in text form please (without image)
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