What is the marginal rate on the 1st, 2nd and 3rd $1,000?

Review and respond to your classmates’ posts through the end of the week, asking for clarification, suggesting a different perspective, and/or indicating how their responses illustrate development of their critical thinking skills.
July 8, 2020
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July 8, 2020
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What is the marginal rate on the 1st, 2nd and 3rd $1,000?

Suppose taxes are related to income as follows

Suppose taxes are related to income as follows

Question

Suppose taxes are related to income as follows

$1,000(Income) $200(tax)

$2,000(income) $350(tax)

$3,000(income) $ 450(tax)

What is the marginal rate on the 1st, 2nd and 3rd $1,000?

Suppose taxes are related to income as follows

 

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