Calculate annual tax, Assume you currently earn taxable

Calculate annual tax

Reference no: EM1368594

Assume you currently earn taxable income of $100,000 per year. You are subject to an MTR of 50%. Currently, your ATR is 35%. Calculate your annual tax. Calculate the extra tax that you would pay per year if your annual income increased to $110,00. What is your ATR when your annual income is $110,000?

Reference no: EM1368594

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