29. In your current job, you earn $41,000. You take the standard deduction of $12,200, so your taxable income is $28,800. You have an offer of a new job working for a different employer. Your salary would go up by $4,500. Given your current taxable income, what is your marginal tax rate? ... but not ... the marginal tax rate is: For taxable income over... over... .. $0 $9,700 10% $9,700 $39,475 12% $39,475 $84,200 22% $84,200 $160,725 24% $160,725 $204,100 32% $204,100 $510,300 35% $510,300 37% а. 24% b. 22% с. 10% d. 12%

29. In your current job, you earn $41,000. You take the standard deduction of $12,200, so your taxable income is $28,800. You have an offer of a new job working for a different employer. Your salary would go up by $4,500. Given your current taxable income, what is your marginal tax rate? ... but not ... the marginal tax rate is: For taxable income over... over... .. $0 $9,700 10% $9,700 $39,475 12% $39,475 $84,200 22% $84,200 $160,725 24% $160,725 $204,100 32% $204,100 $510,300 35% $510,300 37% а. 24% b. 22% с. 10% d. 12%

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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