Math Problem Statement
Solution
Let's solve this income tax problem step by step based on the information provided in the image.
Given:
- A taxpayer owes $1700 plus 18% of the amount of their income over $13,000.
- You are asked to complete the table for the tax, , on various incomes, .
Step 1: Determine how much income exceeds $13,000
The tax calculation is based on the amount of income over $13,000. For each income , calculate the excess over $13,000.
For example, if income :
Step 2: Calculate the total tax,
The total tax is the base tax of $1700 plus 18% of the excess over $13,000.
Step 3: Fill in the table
For :
For :
For :
Thus, the completed table is:
Part b: Write a linear equation in point-slope form
We know that the tax is a linear function of income . Using point-slope form , where the slope is 0.18, and when .
The linear equation is:
Part c: Convert to slope-intercept form
Solve for to convert the equation into slope-intercept form:
So, the slope-intercept form of the equation is:
Would you like further clarifications or more details? Here are 5 related questions:
- What is the significance of the slope in the tax equation?
- How can we interpret the y-intercept in the slope-intercept form?
- How would the equation change if the base tax increased from $1700 to $2000?
- How would the tax calculation change for incomes below $13,000?
- Can you find the income at which the tax becomes exactly $3,000?
Tip: Always ensure that point-slope and slope-intercept forms are consistent by plugging values to check accuracy!
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Math Problem Analysis
Mathematical Concepts
Linear Equations
Algebra
Formulas
T = 1700 + 0.18 * (I - 13,000)
Point-slope form: T - 1700 = 0.18 * (I - 13,000)
Slope-intercept form: T = 0.18 * I - 640
Theorems
Linear Equation Theory
Suitable Grade Level
Grades 8-10
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