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.)
thp = 1000x - x
This is just flat rate taxation. rate .001 or .1 %
There is something incorrect in your question.....as long as I have greater income I will have greater take home pay.....so there is no limit (or answer) on take home pay..... what is the taxation again?
100 000 would only have 100 tax
1000 000 would only have 1000 tax
Higher incomes will always have higher THP