Question: explain answer: An engineer has an income that puts him in the 25% federal income tax bracket and at the 10% state incremental tax rate.
explain answer: An engineer has an income that puts him in the 25% federal income tax bracket and at the 10% 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? A. 15.0% B. 35.0% C. 37.5% D. 32.5%
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