(MAT105 -Intro 2 Cllge Math) Real Wrld App #8 (p 1009) -Wk 2

# (MAT105 -Intro 2 Cllge Math) Real Wrld App #8 (p 1009) -Wk...

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Unformatted text preview: I n re a l w orl d a pp l i ca tio n # 8, yo u l ea rn to use i n eq u al i ti e s to f ig u re ta x w i thh o l di n g s f or i n di vi du a l s i n th ei r sta te . Sta te s h a ve a ta x co de tha t i s so me thi n g l i ke thi s : B e tw e en a ce rta i n ta xa b le in co me ran g e (i .e . \$1 3 0 - \$ 1 50 ), T h i s i s w i thh e l d - a sma l l a mou n t (i .e . \$ 2 .0 8 ) pl u s a sma l l pe rce n ta ge (i .e . 3 % ) o f th e amo u n t o ve r th e l ow e st ran g e (\$ 13 0 ) * T axe s w i thh e l d va ry wi th the ta xab l e i nco me . T o fi gu re th e va ria ti o n , y o u u se co mp o un d i n eq u al i ti e s. Application Exercise #1 : A Ga . R e si d en t re ce i ve s mo n thl y pa ych e cks th a t n o rmal l y f al l be tw e en \$ 1 30 a n d \$ 15 0 . Ge o rg ia ’ s ta x co d e sa ys i f ta xa b le in co me i s \$1 2 5 to \$ 20 8, \$ 2 .0 8 pl u s 3% o f th e a mo un t o ve r \$1 25 sho u ld be w i th he l d . x -2. 08 1 30 < .03 + 1 25 < 1 5 0 Up o n sol vi ng yo u en d u p wi th : 2 .2 3 < x < 2 .83 T axe s w i thh e l d va ry be tw e en \$2 .2 3 (re su l ts wi th \$ 1 30 of ta xa bl e i n co me ) to \$2 .83 (re su l ts wi th \$ 15 0 of ta xab l e i n co me .) ...
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