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Problem

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13 Nov 2021

Given information

In a certain country, income tax is assessed as follows. There is no tax on income up to   . Any income over  is taxed at rate of % , up to an income of % . Any income over   is taxed at % .

Step-by-step explanation

Step 1.

Since there is no tax if income , so graph of tax will start from the point .  

  If the income  ,then tax rate is 10%.

Maximum taxable income in the interval is .  

Then maximum tax in this interval is .    

Hence curve passes through the point .  

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