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Bang Nguyen recently graduated from college and started working in a good job. He has a little money invested in a stock that pays no dividends. He lives in an apartment, is single, and has no dependents. He has a $22,000 student loan balance and he paid $600 interest in 2011. He is considering going back to school part-time for some additional computer classes. He does not have a personal IRA and he contributed 2% of his $38,750 salary to his 401K plan at work for 2011. He is just completing his tax return for 2011. Based on the information below, answer the following questions.
-What is Bang's marginal tax rate for his current level of taxable income?
Commercial Installations
Electrical setups designed for business premises, involving more complex requirements and regulations than residential settings.
Mechanically Linked
Refers to the physical connection between components in a manner that allows the motion or force of one component to directly influence another.
Remote Control
A device or system used to operate machinery, appliances, or systems from a distance without physical connections.
Manual Motor Starters
Devices used to manually turn on or off electric motors, providing safety by isolating electrical power.
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