33
practice examMultiple Choice

Practice Exam

Question 33 • Advanced Financial Algebra

Which piecewise function best represents a tax system where the first $⁢10,000 of income is taxed at 8% , and any income above $⁢10,000 is taxed at 20% ?

Answer
A
T⁡(x)={0.08⁢xif x≤10,0001,000+0.2⁢(x−10,000)if x>10,000
B
T⁡(x)={0.08⁢xif x≤10,0001,600+0.2⁢(x−10,000)if x>10,000
C
T⁡(x)={0.2⁢xif x≤10,000800+0.08⁢(x−10,000)if x>10,000
D
T⁡(x)={0.08⁢xif x≤10,000800+0.2⁢(x−10,000)if x>10,000

Explanation

For income up to $10,000, the tax is 8% of income, so T(x) = 0.08x. At $10,000, that tax equals $800. For income above $10,000, the taxpayer still owes that $800, plus 20% of the amount above $10,000: 800 + 0.2(x − 10,000). This is choice D.

AI-written and checked against the verified answer.

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