Truman, an industrious worker, is faced with the following tax table: Income level $0-$8,700 $8,700-$35,350 $35,350-$85,650...

 

Transcribed Image Text:

Truman, an industrious worker, is faced with the following tax table: Income level $0-$8,700 $8,700-$35,350 $35,350-$85,650 $85,650-$178,650 $178.650-$388,350 Greater than $388,350 If Truman earns $73,000, what is his tax bill? $ Marginal tax rate 10% 15% 25% 28% 33% 35% Truman, an industrious worker, is faced with the following tax table: Income level $0-$8,700 $8,700-$35,350 $35,350-$85,650 $85,650-$178,650 $178.650-$388,350 Greater than $388,350 If Truman earns $73,000, what is his tax bill? $ Marginal tax rate 10% 15% 25% 28% 33% 35%