11. Melodies taxable income is $40,000 and she pays income tax of $6,188. If Melodies taxable income

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11. Melodie’s taxable income is $40,000 and she pays income tax of $6,188. If Melodie’s taxable income increases to $41,000, she would pay income taxes of $6,438. What is Melodie’s marginal tax rate?

a. 15.47%

b. 25.00%

c. 15.70%

d. 15.00%

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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11. Melodies taxable income is $40,000 and she pays income tax of $6,188. If Melodies taxable income

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Income Tax Fundamentals 2011

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