Answer:
the answer is 2. (6 and 4)
Step-by-step explanation:
6 + 4 = 10
In most cases, income tax brackets are progressive, meaning that the greater the income, the higher the rate of taxation. Federal rates for the 2013 tax year range from 10 to 39.6 percent. State and city rates are generally much lower.
It would be: 5/2930 = 0.0017
Answer:
$0.025x² . . . where x is a number of percentage points
Step-by-step explanation:
The multiplier for semi-annual compounding will be ...
(1 + x/2)² = 1 + x + x²/4
The multiplier for annual compounding will be ...
1 + x
The multiplier for semiannual compounding is greater by ...
(1 + x + x²/4) - (1 + x) = x²/4
Maria's interest will be greater by $1000×(x²/4) = $250x², where x is a decimal fraction.
If x is a percent value, as in x = 6 when x percent = 6%, then the difference amount is ...
$250·(x/100)² = $0.025x² . . . where x is a number of percentage points
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<u>Example</u>:
For x percent = 6%, the difference in interest earned on $1000 for one year is $0.025×6² = $0.90.
