Businesses and individuals are frequently concerned about their marginal tax rate, or the rate at which the next dollar earned is taxed In progressive taxation, the 80,001 st dollar earned is taxed at a higher rate than the 25.001 st dollar earned and at a lower rate than the 140,001 st dollar earned Use the following graph, showing the marginal tax rate for 2014 for single filers, to answer Exercises 23-26.
Single Filers Income Bracket | Rate |
---|---|
0–9075 | 10% |
9076–36900 | 15% |
36901–89350 | 25% |
89351–186350 | 28% |
186351–405100 | 33% |
405101–406750 | 35% |
406751+ | 39.6% |
Iris earns $50,000 per year and is considering extra work that would earn her an extra $3000 annually At what rate will her tax liability grow if she takes the extra work (See Exercise 25)?
Want to see the full answer?
Check out a sample textbook solutionChapter 2 Solutions
EBK CALCULUS+ITS APPLICATIONS
Additional Math Textbook Solutions
Elementary Statistics (13th Edition)
A Problem Solving Approach To Mathematics For Elementary School Teachers (13th Edition)
Calculus for Business, Economics, Life Sciences, and Social Sciences (14th Edition)
A First Course in Probability (10th Edition)
Calculus: Early Transcendentals (2nd Edition)
- 2. Suppose f(x) = 3x² - 5x. Show all your work for the problems below.arrow_forwardwrite it down for better understanding pleasearrow_forward1. Suppose F(t) gives the temperature in degrees Fahrenheit t minutes after 1pm. With a complete sentence, interpret the equation F(10) 68. (Remember this means explaining the meaning of the equation without using any mathy vocabulary!) Include units. (3 points) =arrow_forward
- 2. Suppose f(x) = 3x² - 5x. Show all your work for the problems below. a. Evaluate f(-3). If you have multiple steps, be sure to connect your expressions with EQUALS SIGNS. (3 points)arrow_forward4c Consider the function f(x) = 10x + 4x5 - 4x³- 1. Enter the general antiderivative of f(x)arrow_forwardA tank contains 60 kg of salt and 2000 L of water. Pure water enters a tank at the rate 8 L/min. The solution is mixed and drains from the tank at the rate 11 L/min. Let y be the number of kg of salt in the tank after t minutes. The differential equation for this situation would be: dy dt y(0) =arrow_forward
- • • Let > be a potential for the vector field F = (−2 y³, −6 xy² − 4 z³, −12 yz² + 4 2). Then the value of sin((-1.63, 2.06, 0.57) – (0,0,0)) is - 0.336 -0.931 -0.587 0.440 0.902 0.607 -0.609 0.146arrow_forwardThe value of cos(4M) where M is the magnitude of the vector field with potential ƒ = e² sin(лy) cos(π²) at x = 1, y = 1/4, z = 1/3 is 0.602 -0.323 0.712 -0.816 0.781 0.102 0.075 0.013arrow_forwardThere is exactly number a and one number b such that the vector field F = conservative. For those values of a and b, the value of cos(a) + sin(b) is (3ay + z, 3ayz + 3x, −by² + x) is -0.961 -0.772 -1.645 0.057 -0.961 1.764 -0.457 0.201arrow_forward
- Big Ideas Math A Bridge To Success Algebra 1: Stu...AlgebraISBN:9781680331141Author:HOUGHTON MIFFLIN HARCOURTPublisher:Houghton Mifflin HarcourtCollege Algebra (MindTap Course List)AlgebraISBN:9781305652231Author:R. David Gustafson, Jeff HughesPublisher:Cengage LearningHolt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGAL
- College AlgebraAlgebraISBN:9781305115545Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage LearningFunctions and Change: A Modeling Approach to Coll...AlgebraISBN:9781337111348Author:Bruce Crauder, Benny Evans, Alan NoellPublisher:Cengage Learning