Melodies taxable income is $39,000 and she pays income tax of $4,486. If Melodies taxable income increases
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Melodie’s taxable income is $39,000 and she pays income tax of $4,486. If Melodie’s taxable income increases to $43,000, she would pay income taxes of $5,256. What is Melodie’s marginal tax rate?
a. 17.00%
b. 22.00%
c. 19.25%
d. 12.00%
e. Some other amount
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Related Book For
Income Tax Fundamentals 2021
ISBN: 9780357141366
39th Edition
Authors: Gerald E. Whittenburg, Martha Altus-Buller, Steven Gill
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