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What is Glen marginal tax rate

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Problem - Glen's taxable income is $50,000 and he pays income tax of $6,940. If his income were $60,000, he would pay taxes of $9,140. What is Glen's marginal tax rate?

a. 18.23%

b. 22.00%

c. 12.00%

d. 25.00%

e. Some other amount

Reference no: EM132702765

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