Examples, videos, and solutions to help Algebra I students learn how to solve problems involving equations and inequalities.
A famous movie actress made $10 million last year. She is married, has no children, and her husband does not earn any income. Assume that she computes her taxable income using the following formula:
(taxable income) = (income) – (exemptions) – (standard deductions)
Find her taxable income, her federal income tax, and her effective federal income tax rate.
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