Question
Patricia has taxable income of $40,000 on which she pays income tax of $4,664. If Patricia's taxable income increases by $2,000, she will pay an
Patricia has taxable income of $40,000 on which she pays income tax of $4,664. If Patricia's taxable income increases by $2,000, she will pay an additional tax of $440. What is Patricia's marginal tax rate?
Group of answer choices
15.00 percent
14.84 percent
22.00 percent
25.00 percent
None of these
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Portfolio Of Marketing Audits Company Self Assessment Audits
Authors: David Crosby
1st Edition
1902433157, 978-1902433158
