If Owen and Eliza had a combined taxable income of $68,200 and filed their federal income tax return with the Married Filing Joi
ntly filing status, how much does the table below say that they should pay in federal income taxes.
a. 9350.00
b. 26,325.00
c. 16,975.00
d. 9425.00
a. 9350.00
b. 26,325.00
c. 16,975.00
d. 9425.00
2 answers:
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For this case we have the following quadratic functions:
Revenue:
Cost:
Then, we observe that the profit is given by the following mathematical relationship:
Substituting values we have:
Making the corresponding calculations we have:
Answer:
An expression that represents the profit is: