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lesson pretestMultiple Choice

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Question 1 • Financial Math

The piecewise function representing a progressive tax system is shown. T⁡(x)={0.05⁢xifx≤20,0001,000+0.1⁢(x−20,000)ifx>20,000 How much is the tax for an income of $⁢35,000 ?

Answer
A
$3,000
B
$1,500
C
$2,500
D
$4,000
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The piecewise function representing a…