Math Problem Statement

Maria earns a net taxable income of ₱8,000,000 annually. According to the tax bracket she falls under, her income tax is calculated as ₱490,000 plus 32% of the amount exceeding ₱2,000,000. Piecewise function of this

Solution

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Math Problem Analysis

Mathematical Concepts

Piecewise Functions
Income Tax Calculation
Percentage Calculations

Formulas

T(x) = 0, 0 ≤ x ≤ 2,000,000
T(x) = 490,000 + 0.32(x - 2,000,000), x > 2,000,000

Theorems

Piecewise Function Definition

Suitable Grade Level

College Level (Applied Math, Finance)