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Taxable Income Income Tax $1,000$5,000 10% of taxable income $5,001$10,000 $500 + 12% of everything over $5,000 $10,001$15,000 $1,100 + 16% of everything over $10,000
Taxable Income Income Tax $1,000$5,000 10% of taxable income $5,001$10,000 $500 + 12% of everything over $5,000 $10,001$15,000 $1,100 + 16% of everything over $10,000 What is the marginal tax rate on the 10,001st dollar? $0.16 0.16% $1,001 16%
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Intermediate Accounting principles and analysis
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
2nd Edition
471737933, 978-0471737933
