Table 12-4 
-Refer to Table 12-4. What is the marginal tax rate for a person who makes $50,000?
Definitions:
Simple Annual Interest Rate
The percentage of the principal amount that will be charged or earned as interest, calculated once per year without compounding.
Investment
The allocation of resources, such as capital, with the expectation of generating an income or profit.
Days
The measurement of time, specifically the period of time that constitutes a 24-hour day.
Interest
A fee applied to borrowed funds, usually calculated as a percent of the principal amount.
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