+113 In a certain city the rate of taxation is the following: x% tax is collected for an income of x thousand dollars. What income, in dollars, will yield the greatest take home pay? (Take-home pay is the income minus the tax on that income.)
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... the rate of taxation is the following: x% tax is collected for an income of x thousand dollars.
What income, in dollars, will yield the greatest take home pay?
If x is 1 then net is 1,000 x 99% = 990
If x is 10 then net is 10,000 x 90% = 9,000
If x is 20 then net is 20,000 x 80% = 16,000
x 30 30,000 x 70% = 21,000
x 40 40,000 x 60% = 24,000
x 49 49,000 x 51% = 24,990
x 50 50,000 x 50% = 25,000
x 51 51,000 x 49% = 24,990
x 60 60,000 x 40% = 24,000
x 70 70,000 x 30% = 21,000
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