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Patricia has taxable income of $40,000 on which she pays income tax of $5,935. If Patricias taxable income increases by $2,000, she will pay an

Patricia has taxable income of $40,000 on which she pays income tax of $5,935. If Patricias taxable income increases by $2,000, she will pay an additional tax of $500. What is Patricias marginal tax rate?

a.

15.00 percent

b.

14.84 percent

c.

15.32 percent

d.

25.00 percent

e.

None of the above

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