Tax Stuff
Social Security and Medicare
50% of me is 10.
What is 20?
My smallest output is 100 and my largest output is 350.
What is a range of 100 ≤ f(x) ≤ 350?
Substitute x = 2 into f(x).
What is f(2)?
To show deposits and withdrawals in your account.
What is a bank statement?
A tax form that shows how much money you made in a year.
What is a W-2?
The percentage of your income that comes out your paycheck for Social Security.
What is 6.2%?
f(x) = 8x - 3
f(?) = 8(4) - 3
f(?) = 32 - 3
f(?) = 29
What is f(4)?
The coordinates of the origin.
What is (0,0)?
A dependent requires at least $8,000 of your income each year.
What is not a requirement to qualify as a dependent?
Alcohol, Tobacco, and Luxury items fall under this type of tax.
What is Sin Tax?
Written as a decimal, I am 0.396
What is 39.6%
When graphed, it is a straight line.
What is a linear equation?
h is the number of hours work and P(h) is your pay. For 8 hours of work you make $192.
What is P(8)?
Money earned from cat sitting for your neighbor.
What is an example of earned income?
This tax form shows what percentage of your income you want taken out for taxes.
What is a W-4?
What is 6.2%?
My equation shows that I sold treats for $2 each and it cost $28 to set up. (I am linear y = mx + b)
What is y = 2x - 28?
I am modeled by a function, f, that operates on a variable, x, by multiplying by 6 then subtracting 3
What is f(x) = 6x - 3
Account maintenance/Minimum balance, ATM fees, Overdraft Fees, and Wire Transfers
What are common bank fees?
This type of tax tries to get everyone to pay the same amount in tax, by taxing people who have a higher income a smaller percentage.
What is a regressive tax?
1.45%.
What percentage of your paycheck goes toward Medicare?
I am talking about the speed of a car
0 ≤ s ≤ 80
What is a reasonable domain for a speed a car?
I am a linear equation in the form y = mx + b and my slope is 3 and my y intercept is -7.
What is y = 3x - 7?
Money earned from gambling winnings, Michael
What is unearned income?