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23-01-2020
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I am given a chart with income and tax for three years. How do I find marginal tax rate

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23-01-2020

Answer:

I am given a chart with income and tax for three years. How do I find marginal tax rate?

it is calculated by dividing the difference in tax by the amount of income from the investment.

From the above formula, Marginal tax rate is correctly calculated

Explanation:

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