Math Problem Statement
in a certain country, an individual pays 10% income tax when their monthly income is 1000 or less and when their monthly income is above 1000, they pay 100 plus 15% of the amount in excess of 1000. If M denotes the monthly income of an individual, find all the possible values of M given that the amount of tax they pain was below 1000.
Solution
We are given a tax structure where:
- If the monthly income , the individual pays 10% tax.
- If the monthly income , the individual pays of the amount in excess of 1000.
We need to find all the possible values of such that the amount of tax paid is below 1000.
Case 1:
In this case, the tax is 10% of . Therefore, the tax paid is given by: We are given that the tax paid is below 1000, so: Multiplying both sides by 10: Thus, in this case, , which already restricts , so the solution in this range is .
Case 2:
In this case, the tax formula is: We are given that the tax paid is below 1000, so: Subtracting 100 from both sides: Now, divide by 0.15: Thus:
Conclusion
From Case 1, we know that when , the condition is satisfied. From Case 2, we found that if , the condition holds when .
Therefore, the possible values of are:
Would you like more details or have any questions about the solution?
Here are five related questions to expand on this:
- What would the tax be if the income was exactly 1000?
- How much tax would be paid if the monthly income is 6000?
- If the tax paid was exactly 900, what could the income be?
- How would the tax structure change if the tax rate for income over 1000 increased to 20%?
- How could we graph the tax paid as a function of income?
Tip: Always break down complex tax formulas into simpler conditions based on income ranges for clarity.
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Math Problem Analysis
Mathematical Concepts
Algebra
Inequalities
Piecewise Functions
Formulas
T = 0.1M for M ≤ 1000
T = 100 + 0.15(M - 1000) for M > 1000
Theorems
Linear Inequalities
Suitable Grade Level
Grades 10-12
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