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 |
Help Seven Manny, a single taxpayer, earns $350,000 per year in taxable income and an additional...
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