Homework Answers
| Tax on $350000 | 97693 | =46628+(350000-204100)*35% |
| Taxable income | 415000 | =350000+65000 |
| Tax on $415000 | 120443 | =46628+(415000-204100)*35% |
| Marginal tax rate | 35.00% | =(120443-97693)/65000 |
| Option C 35.00 percent is correct | ||
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