When a taxpayer\'s income increases $1,000 and the taxes owed increases from $7,

Question

When a taxpayer's income increases $1,000 and the taxes owed increases from $7,867 to $8,177, the marginal tax rate is ______ percent.  

  15
                                        20
                                        25
                                        28
                                        31
                                            
                         

                     A person has $1,250 in liabilities, monthly savings of $200, and monthly gross income of $2,500. What is the person's savi ngs ratio?                                           0.52
                                        0.08
                                        2.35
                                        0.16
                                        12.58
                         

Explanation / Answer

b

c

c

a

c

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