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Working with Numbers and Graphs Refer to the following table to answer the questions that follow. Taxable Income Income Tax $1,000$5,000 10% of taxable income

Working with Numbers and Graphs Refer to the following table to answer the questions that follow. 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?  


What is the marginal tax rate on the 10,000th dollar?

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