Math Problem Statement

Over But Not Over Tax Due $0 $15,000 2.5% of taxable income $15,000 $30,000 $375 plus 6.3% of excess over $15,000 $30,000 $1,320 plus 6.4% of excess over $30,000 Use the Tax table above the answer the following question. Find the tax due on a taxable income of $23,111.

Solution

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Math Problem Analysis

Mathematical Concepts

Tax Calculation
Piecewise Functions
Percentage Calculation

Formulas

For taxable income ≤ $15,000: Tax = 2.5% of taxable income
For taxable income between $15,000 and $30,000: Tax = $375 + 6.3% of (taxable income - $15,000)
For taxable income > $30,000: Tax = $1,320 + 6.4% of (taxable income - $30,000)

Theorems

Piecewise Function Application

Suitable Grade Level

Grades 9-12