Suppose a state's marginal tax rate obeys the formula where is the percent of tax owed on the -th dollar of income. For example, means that $55,000 of income incurs a tax debt of about 31.7 percent.
Find the total tax owed on an income of $80,500.
Find the total tax owed on an income of $55,500.
Find the total tax owed on an income of $80,500.
Find the total tax owed on an income of $55,500.