Solved: In a certain country, income tax is assessed as follows. There is no tax on
Chapter 1, Problem 1.1.59(choose chapter or problem)
In a certain country, income tax is assessed as follows. There is no tax on income up to $10,000. Any income over $10,000 is taxed at a rate of 10%, up to an income of $20,000. Any income over $20,000 is taxed at 15%. (a) Sketch the graph of the tax rate R as a function of the income I.(b) How much tax is assessed on an income of $14,000? On $26,000? (c) Sketch the graph of the total assessed tax T as a function of the income I.
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