An individual's adjusted gross income is the amount of income that is subject to federal income tax. The following table shows the total adjusted gross income (AGI), in trillions of dollars, reported...


An individual's adjusted gross income is the amount of income that is subject to federal income tax. The following table shows the total adjusted gross income (AGI), in trillions of dollars, reported to the IRS in the given year.<br>Year<br>2009<br>2010<br>2011<br>2012<br>AGI (trillions)<br>7.6<br>8.1<br>8.6<br>9.1<br>(a) Show that the data are linear.<br>The difference in the total AGI (in trillions) from 2009 to 2010 is<br>the difference from 2010 to 2011 is<br>and the difference from 2011 to 2012 is<br>Because these values are all ---Select---<br>the function is linear.<br>(b) Let t denote the time in years since 2009, and let A denote the total adjusted gross income. Find a linear model for A as a function of t.<br>A(t) =<br>(c) Identify the slope of the linear model you found in part (b).<br>trillion dollars per year<br>Explain its meaning in practical terms.<br>O The slope is the initial amount, in trillion of dollars, of the AGI.<br>o The slope is the total amount, in trillion of dollars, AGI was increasing by each year in this period.<br>The slope is the total amount, in trillion of dollars, AGI was increasing by each month in this period.<br>o The slope is the number of months it will take the AGI to increase by one trillion dollars.<br>O The slope is the number of years it will take the AGI to increase by one trillion dollars.<br>

Extracted text: An individual's adjusted gross income is the amount of income that is subject to federal income tax. The following table shows the total adjusted gross income (AGI), in trillions of dollars, reported to the IRS in the given year. Year 2009 2010 2011 2012 AGI (trillions) 7.6 8.1 8.6 9.1 (a) Show that the data are linear. The difference in the total AGI (in trillions) from 2009 to 2010 is the difference from 2010 to 2011 is and the difference from 2011 to 2012 is Because these values are all ---Select--- the function is linear. (b) Let t denote the time in years since 2009, and let A denote the total adjusted gross income. Find a linear model for A as a function of t. A(t) = (c) Identify the slope of the linear model you found in part (b). trillion dollars per year Explain its meaning in practical terms. O The slope is the initial amount, in trillion of dollars, of the AGI. o The slope is the total amount, in trillion of dollars, AGI was increasing by each year in this period. The slope is the total amount, in trillion of dollars, AGI was increasing by each month in this period. o The slope is the number of months it will take the AGI to increase by one trillion dollars. O The slope is the number of years it will take the AGI to increase by one trillion dollars.

Jun 11, 2022
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