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  3. points state income tax is based on taxable income...

Question: points state income tax is based on taxable income...

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β points) State income tax is based on taxable income, which is part of a persons total income. The tax owed to the state is calculated using the taxable income not total income). In 2005, for a single person with a taxable income between $ 25000 and $ 180000, the tax owed was S 884 plus 6.6% of the taxable income over $ 25000. (a) Compute the tax owed by a lawyer whose taxable income is $ 105750. (b) Consider a lawyer whose taxable income is 75% of her total income, $ x, where x is between S 40000 and $ 169000·Write a formula for T(x), the taxable income. Ta) (c) Write a formula for L(x), the amount of tax owed by the lawyer in part (b). L(x) = (c) Use Ux) to evaluate the tax owed for x = 141000 L(141000) How does this compare to part (a)?
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