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The Tax Equation for Income Over $74,900 but Not Over

Question 23

Essay

The tax equation for income over $74,900 but not over $151,200 is y = 10,312.50 + 0.25(x − 74,900).Simplify the equation and explain the numerical significance of the slope and the y-intercept.

Correct Answer:

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blured image The y-intercept is the amount...

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