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Renees Rookies had income so far in 2022 of $951,300 and owes $165,000 in taxes. Renees has the opportunity to sell 10,000 more widgets for
Renees Rookies had income so far in 2022 of $951,300 and owes $165,000 in taxes. Renees has the opportunity to sell 10,000 more widgets for $10 and make $3 per widget in profit. Renees will have to pay an additional $12,000 in taxes if the sale comes through. Rounded to 2 decimal places, Renees marginal tax rate is _____.
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