9514 1404 393
Answer:
$3400
Step-by-step explanation:
The way these tax tables are structured, you pay 3% on the first $10,000, 5% on the next $40,000, and 5.5% on the remaining $20,000 above $50,000.
tax = 0.03·10,000 +0.05·(50,000 -10,000) +0.055·(70,000 -50000)
= 300 + 2000 +1100
= 3400 . . . dollars
The tax owed on $70,000 is $3,400.
_____
<em>Additional comment</em>
I like to rewrite this sort of table to a different format:
- 3% of income . . . . . . . . . . . . . . . applies for income ≤ 10,000
- (5% of income) -$200 . . . . . . . . applies for 10,000 < income ≤ 50,000
- (5.5% of income) -$450 . . . . . . .applies for 50,000 < income ≤ 100,000
For an income of $70,000, the tax computation using this form is one multiplication and one addition, rather than 3 multiplications and 4 additions as used when navigating the given table.
Answer:
<em>The equation of the straight line in point - slope form</em>
<em>y +1 = -2 ( x-2)</em>
Step-by-step explanation:
<u><em>Step(i):-</em></u>
Given points are C( 2,-1) and D(1,1)
Slope of the line
m = -2
<u>Step(ii):-</u>
Equation of the straight line passing through the point ( 2,-1) and having slope
m =-2
y - y₁ = m ( x- x₁)
y - (-1) = -2 ( x-2)
y +1 = -2 ( x-2)
<u><em>Final answer:-</em></u>
<em>The equation of the straight line</em>
<em>y +1 = -2 ( x-2)</em>
Answer:
the number is 8 andequation is 3x-5=19
