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Glen's taxable income is $50,000 and he pays income tax of $8,300. If his income were $60,000, he would pay $10,800. What is Glen's marginal

Glen's taxable income is $50,000 and he pays income tax of $8,300. If his income were $60,000, he would pay $10,800. What is Glen's marginal tax rate?

a) 18.23%

b) 17.87%

c) 15.00%

d) 14.91%

e) other

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Question

Glen's taxable income is $50,000 and he pays income tax of $8,300. If his income were $60,000, he would pay $10,800. What is Glen's marginal

Glen's taxable income is $50,000 and he pays income tax of $8,300. If his income were $60,000, he would pay $10,800. What is Glen's marginal tax rate? a) 18.23% b) 17.87% c) 15.00% d) 14.91% e) other

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Glen's taxable income is $50,000 and he pays income tax of $8,300. If his income were $60,000, he would pay $10,800. What is Glen's marginal tax rate?

a) 18.23%

b) 17.87%

c) 15.00%

d) 14.91%

e) other