Estimating federal income tax


Assignment:

Q1) Consider the following nine integers: -4, -3, -2, -1, 0, 1, 2, 3, 4

Which of these integers has an absolute value greater than 1?

Q2) Evaluate each expression using a=-1, b= 2, and c=-3.
(a-c)(a+c)

Q3) Married filing jointly. The value of the expression 8440+0.25(x-61,300) is the 2006 federal income tax for a married couple filing
jointly with a taxable income of x dollars, where x is over $61,300 but not over $123,700 (Internal Revenue Service, www.irs.gov).

a) Simplify the expression.
b) Use the expression to find the amount of tax for a couple with a taxable income of $80,000.
c) Use the accompanying graph to estimate the 2006 federal income tax for a couple with a taxable income of $200,000
d) Use the accompanying graph to estimate the taxable income for a couple who paid $80,000 in federal income tax.

Q4) Marriage penalty eliminated. The value of the expression 4220+0.25(x-30,650) is the 2006 federal income tax for a single taxpayer with taxable income of x dollars, where x is over $30,650 but not over $74,200.

a) Simplify the expression.
b) Find the amount of tax for a single taxpayer with taxable income of $40,000.
c) Who pays more, a married couple with a joint taxable income of $80,000 or two single taxpayers with taxable incomes of $40,000 each?

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Algebra: Estimating federal income tax
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