Problem

The following table gives the 2004 Mississippi state tax rates for single persons. IF F...

The following table gives the 2004 Mississippi state tax rates for single persons.

IF FOUR TAXABLE INCOME IS OVER

BUT NOT OVER

THE TAX YOU OWE IS

OF THE AMOUNT OVER

$0

$5000

3%

$0

$5000

$10,000

$150 + 4%

$5000

$10,000

 

$350 + 5%

$10,000

a. Find the tax owed on a taxable income of $3350.


b. Find the tax owed on a taxable income of $6000.


c. Find the tax owed on a taxable income of $38,000.


d. Write a formula defining a piecewise linear function T(I) = … that gives tax owed in Mississippi as a function of taxable income.

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Solutions For Problems in Chapter 2.3