Math Problem Statement
In a particular state and for a particular year, the income tax rates for a single person were as follows. A 4% tax of the first $8300 earned, 4.75% of the next $3100 earned, 5.25% of the next $2250 earned, 5.9% of the next $7100 earned, 6.45% of the next $56 comma 500 earned, 6.65% of the next $128 comma 600 earned, 6.85% of the next $823 comma 400 earned, and 8.82% of any amount earned over $1 comma 029 comma 250. Let f(x) represent the amount of tax owed on an income of x dollars. Answer parts (a) through (f) below and in parts (a) through (d) explain in a sentence what the answer means. f(50 comma 000)equals This means a tax of $ was due on an income of $
Solution
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Math Problem Analysis
Mathematical Concepts
Piecewise Functions
Progressive Tax Calculation
Basic Arithmetic
Formulas
Tax for each bracket = income in bracket × tax rate
Total tax = Sum of taxes from all brackets up to the income level
Theorems
None directly, but involves principles of progressive taxation and piecewise functions
Suitable Grade Level
Grades 9-12