The tables to the right show recent state income tax schedules for individuals and married couples. SINGLE, MARRIED FILING SEPARATELY, OR HEAD OF HOUSEHOLD If taxable income is Over $0 But Not Over Tax Due Is $15,000 3% of taxable income $450 plus 5.5% of excess over $15,000 $1,275 plus 6.5% of excess over $30,000 (A) Write a piecewise definition for the tax due T(x) on an income of x dollars for an individual. $15,000 $30,000 $30,000 if 0sxs 15,000 T(x) = { if 15,000 < xs 30,000 MARRIED FILING JOINTLY OR QUALIFIED SURVIVING SPOUSE if 30,000

The tables to the right show recent state income tax schedules for individuals and married couples. SINGLE, MARRIED FILING SEPARATELY, OR HEAD OF HOUSEHOLD If taxable income is Over $0 But Not Over Tax Due Is $15,000 3% of taxable income $450 plus 5.5% of excess over $15,000 $1,275 plus 6.5% of excess over $30,000 (A) Write a piecewise definition for the tax due T(x) on an income of x dollars for an individual. $15,000 $30,000 $30,000 if 0sxs 15,000 T(x) = { if 15,000 < xs 30,000 MARRIED FILING JOINTLY OR QUALIFIED SURVIVING SPOUSE if 30,000

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter12: Sequences, Series And Binomial Theorem

Section12.3: Geometric Sequences And Series

Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...

See similar textbooks

Similar questions

What is the total effect on the economy of a government tax rebate of $500 to each household in order to stimulate the economy if each household will spend of the rebate in goods and services?
Use the below table to calculate the amount of federal income tax that Ken should report if he earned a faxable income of $54,187 in 2020? Federal Tax Rates for 2020 13% on the first $42,854 of taxable income, plus 17.5% on the next $45,872 of taxable income, plus 25% on the next $49,465 of taxable income, plus 28% on any further taxable income Income tax = $ %D
Go to Yahoo!Finance and download data at the MONTHLY frequency for the stock Apple Inc. with ticker AAPL with starting date January 1, 1990 and end date August 4, 2016. Use the ADJUSTED CLOSING PRICE to create the monthly RETURNS that are the percentage change of the adjusted closing price (NB: make sure to sort first the price from OLDEST TO NEWEST; the percentage return is 100 times the price change between the current and previous month divided by the price in the previous month). Based on the time series of the stock return, answer the following questions (NB: you should have 319 monthly returns): Calculate the sample mean or average of the stock return: Calculate the sample standard deviation of the stock return: !!! For the questions below, use the values for the mean and std. dev. that you typed above (only the first 2 decimals)!!! Assuming that the returns follow a normal distribution: Calculate the P(return > 2.21): Calculate the P(-12.37 x) = 0.9704: Calculate the lower…
only HANDWRITTEN answer needed ( NOT TYPED)
Use the marginal tax rates in the table below to compute the tax owed in the following situation. Paul is a head of household with a taxable income of $93,000. He is entitled to a $6500 tax credit Tax Rate 10% 15% 25% 28% 33% 35% 39.6% Standard deduction Exemption (per person) Head of Household up to $13,350 up to $50,800 up to $131,200 up to $212,500 up to $416,700 up to $444,550 above $444,550 $9350 $4050 XED The tax owed is (Type an integer or a decimal?)
Interest has been described as a rental fee for money. Explain why this is an appropriate description of interest
Use the appropriate function in Excel to answer the following question. How much money would you have in a savings account at the end of 3 years if the following assumptions were true? You make payments of $30 a month to your savings account every month for 3 years. Your savings account has a fixed APR of 1.2%. Note: A fixed APR is an annual interest rate that does not change during the 3-year period. You will not take any money out of your savings account during this 3-year period. You have no beginning balance. (Round to the nearest cent)
Another company's sales increase by the same percent each year. This growth is...
how much interest was earned in account 1
What is the no. of conversion per year (m) for a quarterly basis?
The following equation is used to compute monthly payments on a mort- gage: P A = (1- (1+ i)") Where A is the total mortgage amount, P is the monthly payment, i is the monthly interest rate, and n is the number of months. Suppose that a client wants an $800,000.00 mortgage to be paid in 30 years but he can pay no more than $7,000.00 each month. What is the highest monthly interest rate that he would be able to pay?
An investor accumulated 1800 shares of Microtel Corporation over a period of several months. She bought 1000 shares at $15.63, 500 shares at $19.00, and 300 shares at $21.75. What was her average cost per share? (Note: Investors who purchase shares in the same company or the same mutual fund at more than one price must eventually do this calculation. Tax rules require that the capital gain or loss on the sale of any of the shares be calculated using the weighted-average price paid for all of the shares, rather than the particular price paid for the shares actually sold.) (Round your answer to the nearest cent.) The weighted average cost per share =