The U.S. Federal income tax is a function of taxable income. Write T for the tax owed on a taxable income of I dollars. For tax year 2007, the function T for a single taxpayer was specified by the table below. If your taxable income was But not over- Over- $0 7,825 31,850 77,100 160,850 349,700 7,825 31,850 77,100 160,850 349,700 Your tax is 10% $782.50 +15% 4,386.25 + 25% 15,698.75 +28% 39,148.75 + 33% 101,469.25 + 35% of the amount over- $7,825 $0 $31,850 $77,100 $160,850 $349,700 What was the tax owed by a single taxpayer on a taxable income of $30,000? $ What was the tax owed by a single taxpayer on a taxable income of $95,000? $
The U.S. Federal income tax is a function of taxable income. Write T for the tax owed on a taxable income of I dollars. For tax year 2007, the function T for a single taxpayer was specified by the table below. If your taxable income was But not over- Over- $0 7,825 31,850 77,100 160,850 349,700 7,825 31,850 77,100 160,850 349,700 Your tax is 10% $782.50 +15% 4,386.25 + 25% 15,698.75 +28% 39,148.75 + 33% 101,469.25 + 35% of the amount over- $7,825 $0 $31,850 $77,100 $160,850 $349,700 What was the tax owed by a single taxpayer on a taxable income of $30,000? $ What was the tax owed by a single taxpayer on a taxable income of $95,000? $
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:The U.S. Federal income tax is a function of taxable income. Write T for the tax owed on a taxable income of I dollars. For tax year 2007, the function T for a single taxpayer was specified by the table
below.
If your taxable income was
Over-
tA
$0
7,825
31,850
77,100
160,850
349,700
But not
over-
7,825
31,850
77,100
160,850
349,700
Your tax is
10%
$782.50 +15%
4,386.25 + 25%
15,698.75 + 28%
39,148.75 + 33%
101,469.25 + 35%
of the
amount
over-
$7,825
$0
$31,850
$77,100
$160,850
What was the tax owed by a single taxpayer on a taxable income of $30,000?
$349,700
What was the tax owed by a single taxpayer on a taxable income of $95,000?
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