To determine The absolute difference in savings between the single persons and couples earning $41,000 and $530,000. Explanation Given: S a v i n g s i n t a x e s o f a s i n g l e p e r s o n w i t h a h o u s e h o l d i n c o m e o f $ 41 , 000 = $ 211 S a v i n g s i n t a x e s o f a s i n g l e p e r s o n w i t h a h o u s e h o l d i n c o m e o f $ 530 , 000 = $ 12 , 838 S a v i n g s i n t a x e s o f a m a r r i e d c o u p l e w i t h t w o c h i l d r e n w i t h a h o u s e h o l d i n c o m e o f $ 41 , 000 = $ 1208 S a v i n g s i n t a x e s o f a m a r r i e d c o u p l e w i t h t w o c h i l d r e n w i t h a h o u s e h o l d i n c o m e o f $ 530 , 000 = $ 13 , 442 Formula Used: A b s o l u t e D i f f e r e n c e i n s a v i n g s i n t a x e s b e t w e e n t w o p e r s o n s = S a v i n g s i n t a x e s o f p e r s o n 1 – S a v i n g s i n t a x e s o f p e r s o n 2 S a v i n g

Using and Understanding Mathematics: A Quantitative Reasoning Approach (6th Edition)

6th Edition

ISBN: 9780321914620

Author: Jeffrey O. Bennett, William L. Briggs

Publisher: PEARSON

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Chapter 3.E, Problem 29E

To determine

The absolute difference in savings between the single persons and couples earning $41,000 and $530,000.

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Chapter 3.E, Problem 28E

Chapter 3.E, Problem 30E

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Chapter 3 Solutions

Using and Understanding Mathematics: A Quantitative Reasoning Approach (6th Edition)

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