Answered: If Heather's tax liability increases…

If Heather's tax liability increases from $10,000 to $16,000 when her income increases from $30,000 to $40,000, her marginal tax rate is 33 percent. 35 percent. O 50 percent. O 60 percent.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

If Heather's tax liability increases from $10,000 to $16,000
when her income increases from $30,000 to $40,000, her
marginal tax rate is
33 percent.
35 percent.
50 percent.
O 60 percent.

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