Taxable income Taxes
$1,000-$5,000
10% of taxable income
$5,001-$10,000
$500 + 12% of everything over $5,000
$10,001-$15,000
$1,100 + 15% of everything over $10,000
A) If a person's income is $6,000, how much does he pay in taxes?
B) If a person's income is $14,000, how much does he pay in taxes?

Evaluate a real situation between two economic actors; it could be any scenario: two competing businesses, two countries in negotiations, two kids trading baseball cards, you and another person involved in an exchange or anything else. use game theory to analyze the situation and the outcome (or potential outcome). be sure to explain the incentives, benefits and risks each face.