Solution-Sketch graph of tax rate r as a function of the

Sketch graph of tax rate r as a function of the income i

Reference no: EM131582573

Question: In a certain country, income tax is assessed as follows. There is no tax on income up to $10,000. Any income over $10,000 is taxed at a rate of 10%, up to an income of $20,000. Any income over $20,000 is taxed at 15%.

(a) Sketch the graph of the tax rate R as a function of the income I.

Reference no: EM131582573

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Sketch graph of tax rate r as a function of the income i

Reference no: EM131582573

Reference no: EM131582573

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