State income tax is based on taxable income, which is part of a person\'s tatal

Question

State income tax is based on taxable income, which is part of a person's tatal income. The tax owed to the state is calculated using the taxable income (not total income). In 2006, for a single person with a taxable income between $ 20000 and $ 210000, the tax owed was $ 891 plus 7.48% of the taxable income over $ 20000. (a) Compute the tax owed by a lawyer whose taxable income is $ 146700. (b) Consider a lawyer whose taxable income is 90% of her total income, $ x , where x is between $ 28000 and $ 195000. Write a formula for T(x) , the taxable income. T(x)= (c) Write a formula for L(x), the amount of tax owed by the lawyer in part (b). L(x)= (d) Use L(x) to evaluate the tax liability for x=163000 . L(163000)=

Explanation / Answer

10368.16

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