Answer:
y = 0.0765x
Step-by-step explanation:
We have that:
y is the total taxes paid.
x is the total wages earned.
The total taxes paid is a function of the total wages earned.
For wages less than the maximum taxable wage base, Social Security contributions (including those for Medicare) by employees are 7.65% of the employee's wages.
So 7.65% of the total wages earned are paid in taxes. We write the percentage as a decimal, so 7.65/100 = 0.0765
So the answer for a) is:
y = 0.0765x
Answer:
Step-by-step explanation:
<u>Given information</u>
<u>Given the formula for the slope</u>
<u>Substitute values into the formula</u>
<u>Simplify the numerator and the denominator</u>
<u />
<u>Simplify the fraction</u>
Hope this helps!! :)
Please let me know if you have any questions
Answer:
-0.5 and negative one-half
-1/50 and -0.02
Step-by-step explanation:
-0.5 can be rewritten as -5/10. This can be simplified to -1/2 which is the same as negative one-half.
7/10 isn't equivalent to 11/20. If you multiply 7/10 by 2/2 to get the denominator of 20, it will become 14/20 not 11/20.
-1/50 in decimal form is -0.02 so -1/50 and -0.02 are equivalent.
0.15 and 1/5 aren't equivalent because 1/5 in decimal form is is 0.2, not 0.15.