Posts by Margary

Total # Posts: 2

Is the answer D? (I picked D I think the marginal tax rates are correct, but I'm not sure how to calculate the extra tax paid)

Suppose the income tax rate schedule is 0 percent on the first $10,000; 10 percent on the next $20,000; 20 percent on the next $20,000; 30 percent on the next $20,000; and 40 percent on any income over $70,000. Family A earns $28,000 a year and Family B earns $65,000 a year. ...