Chapter 2.1, Problem 102AYU

To determine

To find: The function $N\left(x\right)$ that represents the individual’s net income in year $x$.

Answer to Problem 102AYU

$N\left(x\right) = I\left(x\right) - T\left(x\right)$

Explanation of Solution

Given:

$I\left(x\right)$ represent the income of an individual in year $x$ before taxes and $T\left(x\right)$ represents the individual’s tax bill in year $x$.

Calculation:

The function $N\left(x\right)$ that represents the individual’s net income in year $x$.

$N\left(x\right) = I\left(x\right) - T\left(x\right)$