![College Algebra (6th Edition)](https://www.bartleby.com/isbn_cover_images/9780321916600/9780321916600_largeCoverImage.gif)
Concept explainers
LINKING
Concepts...
For Individual or Group Explorations
The Negative Income Tax Model
One idea for income tax reform is that of a negative income tax. Under this plan families with an income below a certain level receive a payment from the government in addition to their income while families above a certain level pay taxes. In one proposal a family with an earned income of $6000 would receive a $4000 payment, giving the family a disposable income of $ 10,000. Afamily with an earned incomeof $24,000 would pay $2000 in taxes, giving the family a disposable income of $22,000. A family’s disposable income D is a linear function of the family’s earned income E.
a) Use the given data to write a formula for D as a linear function of E.
b) What is the disposable income for a family with an earned income of $60,000?
c) Find the break-even point, the income at which a family pays no taxes and receives no payment.
d) What percentage of their earned income is paid in taxes for a family with an earned income of $25,000? $100,000? $2,000,000?
e) What is the maximum percentage of earned income that anyone will pay in taxes?
f) Compare your answer to part (e) with current tax laws. Does this negative income tax favor the rich, poor, or middle class?
![Check Mark](/static/check-mark.png)
Want to see the full answer?
Check out a sample textbook solution![Blurred answer](/static/blurred-answer.jpg)
Chapter 1 Solutions
College Algebra (6th Edition)
- Calculați (a-2023×b)²⁰²⁴arrow_forwardA student completed the problem below. Identify whether the student was correct or incorrect. Explain your reasoning. (identification 1 point; explanation 1 point) 4x 3x (x+7)(x+5)(x+7)(x-3) 4x (x-3) (x+7)(x+5) (x03) 3x (x+5) (x+7) (x-3)(x+5) 4x²-12x-3x²-15x (x+7) (x+5) (x-3) 2 × - 27x (x+7)(x+5) (x-3)arrow_forward2 Add the rational expressions below. Can you add them in this original form? Explain why or why not. 3x-7 5x + x² - 7x+12 4x-12 Show all steps. State your least common denominator and explain in words your process on how you determined your least common denominator. Be sure to state your claim, provide your evidence, and provide your reasoning before submitting.arrow_forward
- carol mailed a gift box to her sister the boxed gift weighed a total of 2 pounds the box alone weighed 13 ounces what was the wright of the giftarrow_forwardDirections: Use the table below to answer the following questions and show all work. Heights of Females 50.0 51.5 53.0 53.5 54.0 1. What is the average female height? 2. What are all the differences from the mean? 3. What is the variance for the female heights? 4. What is the standard deviation of the heights of the females? 5. What does the standard deviation found in number 4 represent? Write your answer in complete sentences.arrow_forward135 metr uzunlikdagi simni 6:3 nisbatda qismlarga am eatingarrow_forward
- MODELING REAL LIFE Your checking account has a constant balance of $500. Let the function $m$ represent the balance of your savings account after $t$ years. The table shows the total balance of the accounts over time. Year, $t$ Total balance 0 1 2 3 4 5 $2500 $2540 $2580.80 $2622.42 $2664.86 $2708.16 a. Write a function $B$ that represents the total balance after $t$ years. Round values to the nearest hundredth, if necessary. $B\left(t\right)=$ Question 2 b. Find $B\left(8\right)$ . About $ a Question 3 Interpret $B\left(8\right)$ . b represents the total balance checking and saving accounts after 8 years the balance would be 16 / 10000 Word Limit16 words written of 10000 allowed Question 4 c. Compare the savings account to the account, You deposit $9000 in a savings account that earns 3.6% annual interest compounded monthly. A = 11998.70 SINCE 9000 is the principal ( 1+0.036/12)12 times 8 gives me aproxtimately 1997 14 / 10000 Word Limit14 words written of 10000 allowed Skip to…arrow_forwardListen MODELING REAL LIFE Your checking account has a constant balance of $500. Let the function m represent the balance of your savings account after t years. The table shows the total balance of the accounts over time. Year, t Total balance 0 $2500 1 $2540 2 $2580.80 3 $2622.42 4 $2664.86 5 $2708.16 a. Write a function B that represents the total balance after t years. Round values to the nearest hundredth, if necessary. B(t) = 500 + 2000(1.02)* b. Find B(8). About $2843.32 Interpret B(8). B I U E T² T₂ c. Compare the savings account to the account, You deposit $9000 in a savings account that earns 3.6% annual interest compounded monthly. B I U E E T² T₂ A = 11998.70 SINCE 9000 is the principal (1+0.036/12)12 times 8 gives me aproxtimately 1997arrow_forwardWhat are the answers for star powerarrow_forward
- Algebra and Trigonometry (6th Edition)AlgebraISBN:9780134463216Author:Robert F. BlitzerPublisher:PEARSONContemporary Abstract AlgebraAlgebraISBN:9781305657960Author:Joseph GallianPublisher:Cengage LearningLinear Algebra: A Modern IntroductionAlgebraISBN:9781285463247Author:David PoolePublisher:Cengage Learning
- Algebra And Trigonometry (11th Edition)AlgebraISBN:9780135163078Author:Michael SullivanPublisher:PEARSONIntroduction to Linear Algebra, Fifth EditionAlgebraISBN:9780980232776Author:Gilbert StrangPublisher:Wellesley-Cambridge PressCollege Algebra (Collegiate Math)AlgebraISBN:9780077836344Author:Julie Miller, Donna GerkenPublisher:McGraw-Hill Education
![Text book image](https://www.bartleby.com/isbn_cover_images/9780134463216/9780134463216_smallCoverImage.gif)
![Text book image](https://www.bartleby.com/isbn_cover_images/9781305657960/9781305657960_smallCoverImage.gif)
![Text book image](https://www.bartleby.com/isbn_cover_images/9781285463247/9781285463247_smallCoverImage.gif)
![Text book image](https://www.bartleby.com/isbn_cover_images/9780135163078/9780135163078_smallCoverImage.gif)
![Text book image](https://www.bartleby.com/isbn_cover_images/9780980232776/9780980232776_smallCoverImage.gif)
![Text book image](https://www.bartleby.com/isbn_cover_images/9780077836344/9780077836344_smallCoverImage.gif)