Calculus 8th Edition

Published by Cengage
ISBN 10: 1285740629
ISBN 13: 978-1-28574-062-1

Chapter 1 - Functions and Limits - 1.1 Four Ways to Represent a Function - 1.1 Exercises - Page 22: 67

Answer

(a) Rate of Income Tax R(I) = $$0, if I ∈ (0, 10000]$$ $$10, if I ∈ (10000, 20000]$$ $$15, if I ∈ (20000, +\infty)$$ (b) $\$400$ Tax for $\$14000$ Income $\$1900$ Tax for $\$26000$ Income (c) Tax Assessed T(I) = $$0, if I ∈ (0, 10000]$$ $$10, if I ∈ (0.1I-1000, 20000]$$ $$15, if I ∈ (0.15I-2000, +\infty)$$

Work Step by Step

(a) Rate of Income Tax R(I) = $$0, if I ∈ (0, 10000]$$ $$10, if I ∈ (10000, 20000]$$ $$15, if I ∈ (20000, +\infty)$$ (b) In the case of $\$14000$ income: the first $\$10000$ tax assessed will be (0%) $\$0$ for the next $\$4000$ tax assessed will be (10%) $\$400$ so for $\$14000$ income, total tax assessed will be $\$400$ In the case of $\$26000$ income: the first $\$10000$ will be taxed (0%) $\$0$ the next $\$10000$ will be assessed (10%) $\$1000$ tax and the remaining $\$6000$ will be assessed (15%) $\$900$ tax So, for $\$26000$ income, total tax assessed will be $\$1900$ (c) Tax Assessed T(I) = $$0, if I ∈ (0, 10000]$$ $$10, if I ∈ (0.1I-1000, 20000]$$ $$15, if I ∈ (0.15I-2000, +\infty)$$
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