a. Construct a graduated tax function where the tax is 10%
Chapter 3, Problem 3.4.4(choose chapter or problem)
a. Construct a graduated tax function where the tax is 10% on the first $30,000 of income, then 20% on any income in excess of $30,000. b. Construct a flat tax function where the tax is 15% of income. c. Calculate the tax for both the flat tax function from part (b) and the graduated tax function from part (a) for each of the following incomes: $10,000, $20,000, $30,000, $40,000, and $50,000. d. Graph the graduated and flat tax functions on the same grid and estimate the coordinates of the points of intersection. Interpret the points of intersection.
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