Melodies taxable income is $39,000 and she pays income tax of $4,489. If Melodies taxable income increases

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Melodie’s taxable income is $39,000 and she pays income tax of $4,489. If Melodie’s taxable income increases to $41,000, she would pay income taxes of $4,884. What is Melodie’s marginal tax rate?

a. 19.75%

b. 22.00%

c. 18.50%

d. 12.00%

e. Some other amount

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Income Tax Fundamentals 2020

ISBN: 9780357108239

38th Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill

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Question Posted: Aug 24, 2020 09:08 AM

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Melodies taxable income is $39,000 and she pays income tax of $4,489. If Melodies taxable income increases

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Income Tax Fundamentals 2020

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