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The Approximate Percent P of Average Income Used to Pay

Question 35

Multiple Choice

The approximate percent P of average income used to pay federal, state, and local taxes is given by , where t is the number of years after 1950. The actual tax load for 1980 was 33.8%. What does the formula give as an approximation? Round your answer to one decimal place. The approximate percent P of average income used to pay federal, state, and local taxes is given by , where t is the number of years after 1950. The actual tax load for 1980 was 33.8%. What does the formula give as an approximation? Round your answer to one decimal place. A) 18.6% B) 42.1% C) 33.4% D) 13.8% E) 42.9%


A) 18.6%
B) 42.1%
C) 33.4%
D) 13.8%
E) 42.9%

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