[T] The following table lists the 2013 schedule of federal income tax versus taxable income.
Taxable Income Range | The Tax Is … | … Of the Amount Over |
|
10% | $10 |
|
|
$8925 |
|
|
$36,250 |
|
|
$87,850 |
|
|
$183,250 |
|
|
$398,350 |
> $400,000 |
|
$400,000 |
Table 1.9 Federal Income Tax Versus Taxable Income Source: http://www.irs.gov/pub/irs−prior/i104tt--2013.
Suppose that Steve just received a $10,000 raise. How much of [his raise is left after federal taxes if Steve’s salary before receiving the raise was $40,000? If it was $90,000? If it was $385,000?
Want to see the full answer?
Check out a sample textbook solutionChapter 1 Solutions
Calculus Volume 2
Additional Math Textbook Solutions
Elementary Statistics: Picturing the World (7th Edition)
Calculus: Early Transcendentals (2nd Edition)
Using and Understanding Mathematics: A Quantitative Reasoning Approach (6th Edition)
A Problem Solving Approach To Mathematics For Elementary School Teachers (13th Edition)
A First Course in Probability (10th Edition)
University Calculus: Early Transcendentals (4th Edition)
- DVD Player sales The table shows the number of DVD play-ers sold in a small electronics store in the years 2003-2013. What was the average rate of change of sales between 2003 and 2013? Whatwas the average rate of change of sales between 2003 and 2004? What was the average rate of change of sales between 2004 and 2005? Between which two successive years did DVD player sales increase most quickly?arrow_forwardHeart Disease In a certain country, the number of deaths due to heart disease decreased from 235 in one year to 221 in the next year. What percentage decrease in deaths due to heart disease does this represent?arrow_forwardPay Raise You receive a raise in your hourly pay from 9.25 per hour to 9.50 per hour. What percentage increase in your pay does this represent?arrow_forward
- 7 1/2% of $800 is $?arrow_forward> Income Credit Size Income model summary (model) Call: 1m (formula Credit Income + Size) Residuals: Min 1Q Median 3Q Max 1270.10 -1172.67 -169.44 15.63 161.81 Coefficients: Estimate Std. Errort value Pr (>1t|) (Intercept) 1257.003 197.279 6.372 7.35e-08 Income 3.929 8.369 7.20e-11*** 34.894 10.895 1.87e-14 *** 32.881 380.176 Size Signif. codes: 0.***** 0.001 *** 0.01 0.05 0.11 Residual standard error: 393.8 on 47 degrees of freedom Multiple R-squared: 0.8293, Adjusted R-squared: 0.822 F-statistic: 114.2 on 2 and 47 DF, p-value: < 2.2e-16 a) From the output, observe that the regression equation as follows: y=1257.003+32.881x Income +380.176x Size b) b) From the output, observe that the adjusted coefficient of determination value is 0.5945 This value indicates that how the model is likely to be useful in predicting the annual credit card changes. The model is most likely to be useful, because this value is high value. c) The null and alternative hypotheses as follows: Null…arrow_forwardUse the table to the right to calculate the federal income tax due for a taxable income of 50,000arrow_forward
- Mr. Estrada recorded the amount he spent on gas each month to see if it would be cheaper to take the train to work. Amount Mr. Estrada spent on gas Month Dollars spent on gas August $ 80 September $ 64 October $ 80 November $ 66 December $ 75 According to the table, what was the rate of change between August and October? $ per montharrow_forwardYear Annual CPI 2010 218.056 2000 172.200 1990 130.700 1980 82.400 Jennifer Marlowe was making $43,276 in 1980. Use the CPI table to determine what her salary would be in 2010, if it kept up with inflation since 1980. Round answer to the nearest dollar, do not include $ in your answer.arrow_forwardc. What is the percentage change in the airfare for the one-year period?arrow_forward
- College Algebra (MindTap Course List)AlgebraISBN:9781305652231Author:R. David Gustafson, Jeff HughesPublisher:Cengage LearningFunctions and Change: A Modeling Approach to Coll...AlgebraISBN:9781337111348Author:Bruce Crauder, Benny Evans, Alan NoellPublisher:Cengage LearningCollege AlgebraAlgebraISBN:9781305115545Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage Learning
- Holt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGAL