Refer to the information provided in Table 19.4 below to answer the question(s) that follow.
Table 19.4

-Related to the Economics in Practice on page 391: Refer to Table 19.4. If income increases from $20,000 to $30,000, the marginal tax rate is

Question

Refer to the information provided in Table 19.4 below to answer the question(s) that follow.
Table 19.4
 
-Related to the Economics in Practice on page 391: Refer to Table 19.4. If income increases from $20,000 to $30,000, the marginal tax rate is

Quizplus · Accepted Answer

From Table 19.4, when income is between $20,001 and $30,000, the marginal tax rate is 21%. Therefore, if income increases from $20,000 to $30,000, the marginal tax rate is 21%.

Refer to the Information Provided in Table 19