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April 23, 2014

Homework Help: algebra. help!!

Posted by sandy on Tuesday, February 14, 2012 at 3:19am.

United States citizens living in Switzerland must pay taxes on their income to both the United States and to Switzerland. The United States tax is 28% of their taxable income after deducting the tax paid to Switzerland. The tax paid to Switzerland is 42% of their taxable income after deducting the tax paid to the United States. If a United states citizen living in Switzerland has a taxable income of $75,000, how much tax must that citizen pay to each of the two countries? Find these values in as many different ways as you can; try to find ways both using and not using graphing calculators. Explain the methods you use.

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