Question: explain answer: An engineer has an income that puts him in the 34% federal income tax bracket and at the 12% state incremental tax rate.

explain answer: An engineer has an income that puts him in the 34% federal income tax bracket and at the 12% state incremental tax rate. She has an opportunity to earn extra $500 by doing a small consulting job. What will be his effective tax rate on the additional income? Answer A. 41.92% B. 46.00% C. 22.00% D. 50.08%

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