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3. Compare the Net Incomes form before and after the raise. Did this person "take home" less money after the raise? 4. Can a raise that moves your income into a higher tax bracket actually reduce your net income? Explain. Let's get a little more practice with working "backwards" on taxes. We'll keep making all the same assumptions that we started with in the Pre Class Activity (assuming they fall into all of our assumptions such as single, no earned income credit, etc.). From the In Class Activity, we were working on creating a function for calculating taxes. Let's revisit some of that work and take it a bit further. 5. Let "x" be our taxable income. Suppose we know that "x" is between $39,475 and $84,200. a. What must the Adjusted Gross Income (AGI) be be- tween in terms of "x"? b. Use "x" and write a function for how you would calcu- late the amount of taxes to be paid on x." 3. Compare the Net Incomes form before and after the raise. Did this person "take home" less money after the raise? 4. Can a raise that moves your income into a higher tax bracket actually reduce your net income? Explain. Let's get a little more practice with working "backwards" on taxes. We'll keep making all the same assumptions that we started with in the Pre Class Activity (assuming they fall into all of our assumptions such as single, no earned income credit, etc.). From the In Class Activity, we were working on creating a function for calculating taxes. Let's revisit some of that work and take it a bit further. 5. Let "x" be our taxable income. Suppose we know that "x" is between $39,475 and $84,200. a. What must the Adjusted Gross Income (AGI) be be- tween in terms of "x"? b. Use "x" and write a function for how you would calcu- late the amount of taxes to be paid on x

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