2
QuizMultiple Choice

Tax Withholdings — Quiz

Question 2 • 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
$1,500
B
$2,500
C
$3,000
D
$4,000
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