Question
Marginal Tax Bracket Marginal Tax Rate $0 - $8,700 10% $8,701 - $35,350 15% $35,351 - $85,650 25% $85,651 - $178,650 28% $178,651 - $388,350
| Marginal Tax Bracket | Marginal Tax Rate |
| $0 - $8,700 | 10% |
| $8,701 - $35,350 | 15% |
| $35,351 - $85,650 | 25% |
| $85,651 - $178,650 | 28% |
| $178,651 - $388,350 | 33% |
| $388,351 and up | 35% |
Given the tax bracket above, if an individual has taxable income of $105,000, determine the tax bill, the average tax rate and the marginal tax rate for this individual.
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Financial Management In The Sport Industry
Authors: Matthew T. Brown, Daniel A. Rascher, Mark S. Nagel, Chad D. McEvoy
3rd Edition
0367321211, 978-0367321215
