Question

The following table shows the federal income tax owed by a single taxpayer for the given...

The following table shows the federal income tax owed by a single taxpayer for the given level of taxable income for 2015. Both are measured in dollars.

Taxable Income    97,000 97,050 97,100 97,150 97,200 97,250 97,300

Tax owed 20,234 20,247 20,260 20,273 20,286 20,299 20,312

Let A denote the amount (in dollars) of the taxable income in excess of $97,000 and T the tax (in dollars) you owe. Find a linear formula† that gives T in terms of A.

T = ?

Math   Statistics-And-Probability   
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Answer #1

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T =0.26*A+20234

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