Asked by lexzorbrian
124. Marriage penalty eliminated. The value of the expression
4220 + 0.25(x 30,650)
is the 2006 federal income tax for a single taxpayer with
taxable income of x dollars, where x is over $30,650 but
not over $74,200.
a) Simplify the expression.
b) Find the amount of tax for a single taxpayer with
taxable income of $40,000.
c) Who pays more, a married couple with a joint taxable
income of $80,000 or two single taxpayers with
taxable incomes of $40,000 each? See Exercise 123.
4220 + 0.25(x 30,650)
is the 2006 federal income tax for a single taxpayer with
taxable income of x dollars, where x is over $30,650 but
not over $74,200.
a) Simplify the expression.
b) Find the amount of tax for a single taxpayer with
taxable income of $40,000.
c) Who pays more, a married couple with a joint taxable
income of $80,000 or two single taxpayers with
taxable incomes of $40,000 each? See Exercise 123.
Answers
Answered by
PsyDAG
It looks like your formula is incorrect. Please repost with modified formula and more accurate data.
Thanks for asking.
Thanks for asking.
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