Chapter 3.5, Problem 19E

To determine

a.

To find:

The taxes paid in terms of the variable $T$.

To determine

b.

To find:

An equation involving $T$ and $B$, the gross income of $1.47 million equals the amount $B$ on which the bonus is based plus the taxes paid.

To determine

c.

To find:

The bonus paid in terms of the variable $B$.

To determine

d.

To find:

An equation involving $T$ and $B$, the gross income also equals the amount $T$ on which the taxes are based plus the bonus paid.

To determine

e.

To solve:

The system of two equations in two unknowns variables $T$ and $B$.

To determine

f.

To find:

How much of the bonus, paid in taxes and total profit.