If Your Income Increases from $10,000 Per Year to $14,000

question 193

Multiple Choice

If your income increases from $10,000 per year to $14,000 per year and your tax payment increases from $2,000 to $2,840, the marginal tax rate

• A) is 20 percent.
• B) is 21 percent.
• C) is 25 percent.
• D) cannot be determined from the given data.

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