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October 31, 2014

Homework Help: college

Posted by lexzorbrian on Wednesday, April 1, 2009 at 11:42pm.

124. Marriage penalty eliminated. The value of the expression
4220 + 0.25(x 30,650)
is the 2006 federal income tax for a single taxpayer with
taxable income of x dollars, where x is over $30,650 but
not over $74,200.
a) Simplify the expression.
b) Find the amount of tax for a single taxpayer with
taxable income of $40,000.
c) Who pays more, a married couple with a joint taxable
income of $80,000 or two single taxpayers with
taxable incomes of $40,000 each? See Exercise 123.

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