Melodies taxable income is $39,000 and she pays income tax of $4,475. If Melodies taxable income increases
Question:
Melodie’s taxable income is $39,000 and she pays income tax of $4,475. If Melodie’s taxable income increases to $43,000, she would pay income taxes of $5,077. What is Melodie’s marginal tax rate?
a. 17.00%
b. 22.00%
c. 18.25%
d. 15.05%
e. Some other amount
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Related Book For
Income Tax Fundamentals 2023
ISBN: 9780357719527
41st Edition
Authors: Gerald E. Whittenburg, Steven Gill
Question Posted:
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