Wednesday 14 February 2018

Campbell, a single taxpayer, earns $400,000 in taxable income and $2,000 in interest from an investment


Campbell, a single taxpayer, earns $400,000 in taxable income and $2,000 in interest from an investment in State of New York bonds. (Use the U.S. tax rate schedule) a. If Campbell earns an additional $15,000 of taxable income, what is her marginal tax rate on this income? b. What is her marginal rate if, instead, she had $15,000 of additional deductions?

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