Pennsylvania has a flat-rate personal income tax. It can
Chapter 1, Problem 1.4.12(choose chapter or problem)
Pennsylvania has a flat-rate personal income tax. It can be represented as T(I) 0.0307I, where I is the income in dollars and T(I) is the tax owed in dollars. a. What is the income tax rate in Pennsylvania? b. What is the input? The output? c. Estimate T(35,000). What is its meaning? d. Estimate I if T(I) 1535. What is its meaning?
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