Question: Question 3 1 pts Below is the income tax system for the country of Atlantis: For income from $0 to $25, no income tax For
Question 3 1 pts Below is the income tax system for the country of Atlantis: For income from $0 to $25, no income tax For all income above $25 but less than $100, the tax rate is 15% . For all income above $100 but less than $250, the tax rate is 25% . For all income above $250 and above, the tax rate is 40% John Doe's income is $100. What is John Doe's MARGINAL tax rate? 0% 11.25% 15% 18.75% 25%
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