Above ____ in income, the earned income tax credit effectively adds ____ percent to the marginal tax rate.

Name: Above ____ in income, the earned income tax credit effectively adds ____ percent to the marginal tax rate.
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Question

Quizplus · Accepted Answer

The earned income tax credit phases out for taxpayers with income above $13,100 (for single filers without children). The credit effectively adds 21% to the marginal tax rate for each additional dollar earned above this income threshold. Therefore, choice D is the correct answer.

Above ____ in Income, the Earned Income Tax Credit Effectively