If you earn less than $10,000 you have a 10% tax obligation.If you earn an income between $10,000 and $35,000 your tax obligation is 15%.Income in the range of $35,001 and $60,000 has a tax obligation of $25%.Income in the range of $60,001 and $85,000 has a tax obligation of 28%.Income greater than $85,000 has a tax obligation of 33%.Last year you earned $62,000.Your marginal tax rate is
A) .15%
B) .25%
C) .28%
D) .33%
Correct Answer:
Verified
Q3: Fiscal policy
A)uses government spending and transfers to
Q4: In 2012 borrowing made up _ percent
Q5: Use the graph for questions 
Q6: If you earn less than $10,000 you
Q7: The federal debt includes each of the
Q9: Types of government spending includes
A)spending determined by
Q10: In 2012 the third largest source of
Q11: Nondiscretionary spending by the government would include
Q12: Federal debt is
A)an accumulation of deficit borrowing
Q13: A federal deficit occurs when
A)federal spending is
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