New York state income tax is based on taxable income which is part
of a person's total income. The tax owed to the state is calculated
using taxable income (not total income). In 2005, for a single person
with a taxable income between $20,000 and $100,000,
the tax owed was $973 plus 6.85% of the taxable income
over $20,000. Answer the following questions, and DO NOT include
any commas in your final answers.
(a) Compute the tax owed by a person whose taxable income is
$63,000.
tax = $ (round to nearest dollar)
(b) Consider a lawyer whose taxable income is 70% of her
total income, $, where is between $60,000
and $120,000. Write a formula for , the amount of
taxable income (not the tax owed, yet).
(c) Write a formula for , the amount owed by the lawyer in part
(b).
(d) Use to evaluate the tax liability (amount owed) for
and compare your results to part (a).
$ (round to nearest dollar)
You can earn partial credit on this problem.