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A state's income tax for a single person in a recent year was determined by the rule below, where x is the person's taxable income. 0.02x, if 0

A state's income tax for a single person in a recent year was determined by the rule below, where x is the person's taxable income. 0.02x, if 0

College Algebra
College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter5: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 37CT: On the day a grandchild is born, a grandparent deposits $2500 in a fund earning 7.5% interest,...
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K A state's income tax for a single person in a recent year was determined by the rule below, where x is the person's taxable income. 0.02x, h(x)= 120+0.03(x-6000), if 0<x< 6000 if 6000<x< 10,000 240 +0.04(x-10,000), if x ≥ 10,000 Find the following function values and interpret the answers. (a) h(2820) (b) h(9770) (c) h(113,410) (a) h(2820) = $ (Round to the nearest cent as needed.) What can be inferred from the value of h(2820)? Select the correct choice below and fill in the answer boxes within your choice. (Round to the nearest cent as needed.) O A. An individual with a taxable income of $ O B. An individual with a taxable income more O C. An individual with a taxable income of $ O D. An individual with a taxable income up to $ (b) h(9770) = $ (Round to the nearest cent as needed.) What can be inferred from the value of h(9770)? (Round to the nearest cent as needed.) O A. An individual with a taxable income of $ will get a tax refund of $ than $ will have to pay $ will have to pay $ will have to pay $ will have to pay $ as tax. as tax. as tax. as tax.
Transcribed Image Text:K A state's income tax for a single person in a recent year was determined by the rule below, where x is the person's taxable income. 0.02x, h(x)= 120+0.03(x-6000), if 0<x< 6000 if 6000<x< 10,000 240 +0.04(x-10,000), if x ≥ 10,000 Find the following function values and interpret the answers. (a) h(2820) (b) h(9770) (c) h(113,410) (a) h(2820) = $ (Round to the nearest cent as needed.) What can be inferred from the value of h(2820)? Select the correct choice below and fill in the answer boxes within your choice. (Round to the nearest cent as needed.) O A. An individual with a taxable income of $ O B. An individual with a taxable income more O C. An individual with a taxable income of $ O D. An individual with a taxable income up to $ (b) h(9770) = $ (Round to the nearest cent as needed.) What can be inferred from the value of h(9770)? (Round to the nearest cent as needed.) O A. An individual with a taxable income of $ will get a tax refund of $ than $ will have to pay $ will have to pay $ will have to pay $ will have to pay $ as tax. as tax. as tax. as tax.
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