Problem

The following table gives the 2004 Louisiana state tax rates for married persons filing jo...

The following table gives the 2004 Louisiana state tax rates for married persons filing jointly.

IF YOUR TAXABLE INCOME IS OVER

BUT NOT OVER

THE TAX YOU OWE IS

OF THE AMOUNT OVER

$0

$12,500

2%

$0

$12,500

$25,000

$250 + 4%

$12,500

$25,000

 

$550 + 6%

$25,000

a. Find the tax owed on a taxable income of $4400.


b. Find the tax owed on a taxable income of $17,000.


c. Find the tax owed on a taxable income of $56,000.


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

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Solutions For Problems in Chapter 2.3