Mathematics, 02.05.2021 01:00 samueltaye
Assume that Daniel’s taxable income after taking the standard deduction is $33,914. Which equations will Daniel need to use to calculate the amount of income tax on his taxable income, where x is the amount of taxable income that’s taxed at the corresponding marginal tax rate and y is the amount of taxes owed?
I.
y = 0.10x
II.
y = 0.12x
III.
y = 0.22x
IV.
y = 0.24x
V.
y = 0.32x
VI.
y = 0.35x
VII.
y = 0.37x
Select the correct answer.
I and II
I, II, and III
IV, V, VI, and VII
VII only
Answers: 3
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Assume that Daniel’s taxable income after taking the standard deduction is $33,914. Which equations...
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