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In the question above, assume Kim was considering a second job that would pay $10,000. Assume she will be in the 12% bracket for federal

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In the question above, assume Kim was considering a second job that would pay $10,000. Assume she will be in the 12% bracket for federal tax purposes, pay a 5% state tax and 7.65% FICA tax, what is her marginal tax rate and how much of the $10,000 would she get to keep as net pay after taxes? (Remember, she will lose some of her earned income credit due to the phase out. Assume she does not take any addition tax credits that are phased out besides the earned income credit.) A. $10,000 net pay after taxes (marginal tax rate of 0%) B. $8,800 net pay after taxes (marginal tax rate of 12%) C. $7,535 net pay after taxes (marginal tax rate of 24.65%) D. $5,429 net pay after taxes (marginal tax rate of 45.71%)

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