5. Critical analysis Q7 Megan is considering getting a part-time Job that pays a monthly income of $2,000. Cunently, Megan is getting monthly cash benefits of 1750, food stamp benefits of $400, and Medicald benefits valued at $180. If Megan accepts the job, all transfer benefits wil be lost, and the monthly empleyment taxes will amount to $700. What is Megan's marginal tax rate for this Job? (Note: Pease round your anawer to twe decmal places.)

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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5. Critical analysis Q7
Megan is considering getting a part-time job that pays a monthly income of $2,000. Cunently, Megan is getting monthly cash benefits of 1750, food
stamp benefits of $400, and Medicald benefits valued at $180, If Megan accepts the job, all transfer benefits will be lost, and the monthly employment
taxes will amount to $700.
What is Megan's marginal tax rate for this Job?
(Note: Please round youir answer to two decimal places.)
Transcribed Image Text:5. Critical analysis Q7 Megan is considering getting a part-time job that pays a monthly income of $2,000. Cunently, Megan is getting monthly cash benefits of 1750, food stamp benefits of $400, and Medicald benefits valued at $180, If Megan accepts the job, all transfer benefits will be lost, and the monthly employment taxes will amount to $700. What is Megan's marginal tax rate for this Job? (Note: Please round youir answer to two decimal places.)
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