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The Nation of Taxylvania uses a bracketed income tax system. Thetax brackets are listed be

The Nation of Taxylvania uses a bracketed income tax system. Thetax brackets are listed be

The Nation of Taxylvania uses a bracketed income tax system. Thetax brackets are listed below. Use this information to answer thenext three questions. Round your answers to the nearest wholedollar.

income   taxrate

0-14,999 10%

15,000-39,999 15%

40,000 and over 20%

What is your marginal tax rate? Round your answer to two decimalplaces.

Abhinav 02-Dec-2019

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