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Problem 52. 52. Federal Income Tax Refer to the 2013 tax rate...

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Finance

image Problem 52.
52. Federal Income Tax Refer to the 2013 tax rate schedules. If .x equals taxable income and y equals the tax due, construct a function y f(x) for Schedule Y-1. 2013 Tax Rate Schedules Schedule X-Single Schedule Y-- Married Filling Jointly or Qualified Widow(er) If Taxable Income Is Over The Tax Is This Amount Of the If Taxable The Tax Is Of the Excess Over But Not Plus Excess Income Is But Not This Over Plus This This % Over Over Amount so 8,925 36,250 87,850 183,250 398,350 400,000 $8,925 36,250 87,850 S0+10% 0 $17,850 17,850 72,500 72,500 146,400 $010% s0 892.50 + 15% 8,925 4,991.25 + 25% 36,250 183,250 17,891.25 + 28% 87,850 398,350 44,603.25 + 33% 183,250 400,000 115,586.25 + 35% 398,350 116,163.75+ 39,6% 400,000 $0 1,785 + 15% 17,850 9982.50 + 25% 72,500 146,400 223,050 28,457.50 + 28% 146,400 223,050 398,350 49,919.50 + 33% 223,050 398,350 450,000 107,768.50 + 35% 398,350 125,846 + 39.6% 450,000 450,000 Source: Internal Revenue Service

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