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Truman, an industrious worker, is faced with the following tax table: If Truman earns $73,000, what is his tax bill? Income level Marginal tax rate
Truman, an industrious worker, is faced with the following tax table: If Truman earns $73,000, what is his tax bill?
Income level | Marginal tax rate |
$0-$8,700 | 10% |
$8,700-$35,350 | 15% |
$35,350-$85,650 | 25% |
$85,650-$178,650 | 28% |
$178,650-$388,350 | 33% |
Greater than $388,350 | 35% |
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