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The Output Is the Total Cost of a Shirt, Where y=1.09xy = 1.09 x

question 19

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The output is the total cost of a shirt, where x is the price of the shirt and a sales tax of 9% of the price is added. Write an equation describing the output (y) as a function of the input (x) .


Definitions:

Incentive To Work

Factors, such as financial rewards or benefits, that motivate individuals to engage in employment.

Social Security Tax

A tax imposed by the government to fund the Social Security program, which provides retirement, disability, and survivorship benefits.

Personal Income Tax

A tax levied on individuals or households based on their income, including wages, dividends, and interest.

Regressive

This term usually applies to a tax system where the tax rate decreases as the taxable amount increases, placing a higher relative burden on lower-income earners.

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