document.write( "Question 884013: In Fantasy Island an individual pays 10% tax on gross annual income not exceeding $200,000. For every dollar on the next $300,000 the tax is 15%. Any income in excess of this is taxed at 20 cents in the dollar.
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document.write( "Using T to represent annual tax liability and x gross annual income:
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document.write( "a. Determine the annual tax liability function T(x) for an income earner in Fantasy Island.
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document.write( "b. What is the tax liability of a person who earns a gross annual income of $350,000?
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document.write( "c. What is the tax liability of a person who earns a gross annual income of $500,000?
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Algebra.Com's Answer #533957 by Theo(13342)![]() ![]() You can put this solution on YOUR website! very tricky function and i just figured it out after many previous tries where i failed.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "you are the beneficiary of this sudden breakthrough in knowledge.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "previously i thought it had to be a piecewise function, which it can be.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "today i learned that it doesn't have to be, and can be modeled with one continuous function.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "i'm not sure if you're supposed to be sophisticated enough to figure this out, but i'll give you the solution and you can certainly use it if you like.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "If you can't use it, or don't want to, then you'll need to resort to a piecewise function or figure out another function on your own.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "the function that i just discovered today is shown in the following pictures along with examples of how it would be used.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "the formula uses (x-0) + |x-0| and (x-100) + |x-200| and (x-500) + |x-500|\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "the expression |...| means absolute value of (...).\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " ![]() \n" ); document.write( " ![]() \n" ); document.write( " ![]() \n" ); document.write( " ![]() \n" ); document.write( " ![]() \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "the graph of the equation looks like this:\r \n" ); document.write( "\n" ); document.write( " ![]() \n" ); document.write( " ![]() \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "you can confirm the solution is accurate by using the folloiwng logic.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "x = 200 \n" ); document.write( "tax = .10 * 200 = 20.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "x = 350 \n" ); document.write( "tax = .10 * 200 + .15 * 150 = 20 + 22.5 = 42.5\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "x = 500 \n" ); document.write( "tax = .10 * 200 + .15 * 300 = 20 + 45 = 65\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "x = 800 \n" ); document.write( "tax = .10 * 200 + .15 * .15 * 300 + .20 * 300 = 20 + 45 + 60 = 125\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "this is because:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "you pay 10% for the amount above 0 and less than or equal to 200. \n" ); document.write( "you pay 15% for the amount above 200 and less than or equal to 500. \n" ); document.write( "you pay 20% for the amount over 500.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "the expression works because:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "when x is smaller than y, the expression (x-y) becomes -z and the expression |x-y| becomes + z and the -z and the +z cancel each other out resulting in 0.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "when x is larger than y, the expression (x-y) becomes z and the expression |x-y| becomes z and you get 2z which is then equal to z after you divide it by 2.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |