taxa Aditia MATH 1122 Summer: Week 9: Income Tax Schedules 1) Now let's explore that dreaded issue of a raise the moves income into the next bracket. Use the tax schedule to compute the marginal tax rate beginning with a salary of $100.000 and with a 2.5% raise After Raise 1040-EZ Line(s) Before Ralse $100,000 1 and 4 $10,350 Description Wages, salaries, and tips. Adjusted gross income (AGI) Standard deduction and exemption (single, nondependent) Subtract line 5 from line 4. Taxable income $10,350 5 6 6 10 and 12 Total Tax (from schedule) Effective tax rate (tax as a percentage of all income) Additional (marginal) income Additional (marginal) tax Marginal tax rate (tax rate on additional income) The marginal tax rate should not match any of the values in the schedule as it did before, but what values does this marginal tax rate fall between? Explain why this makes sense