Please help explain how to solve!
The income tax, T, owed in a certain country given that the income is I is given by the formula:
T(i)=0.18i - 5,000

a.) what is the income tax owed on $60,000
b.) how much income is needed to generate $16,600 worth of taxes?

Question

Please help explain how to solve! 
The income tax, T, owed in a certain country given that the income is I is given by the formula:
T(i)=0.18i - 5,000

a.) what is the income tax owed on $60,000
b.) how much income is needed to generate $16,600 worth of taxes?

maddyhall15 · Answer

a) $5800
Plug in $60000 into the formula.
T(i)=0.18(60000)-5000
T(i)=5800
b) $95000
replace T(i) with $16600
solve for i.
16600=0.18i-5000
+5000         +5000
17100/0.18=0.18i/0.18
95000=i

thatgirl21 · Answer

Thank you so much!!