10. Glens taxable income is $50,000 and he pays income tax of $8,688. If his income were...

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10. Glen’s taxable income is $50,000 and he pays income tax of $8,688. If his income were

$60,000, he would pay taxes of $11,188. What is Glen’s marginal tax rate?

a. 18.65%

b. 17.38%

c. 22.38%

d. 25.00%

e. Some other amount LO 12.6

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Income Tax Fundamentals 2011

ISBN: 9780538469197

29th Edition

Authors: Gerald E. Whittenburg, Martha Altus-Buller

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Question Posted: Oct 10, 2024 04:01 AM

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10. Glens taxable income is $50,000 and he pays income tax of $8,688. If his income were...

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Income Tax Fundamentals 2011

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