Patricia has taxable income of $40,000 on which she pays income tax of $4,664. If Patricia's taxable income increases by $2,000, she will pay an additional tax of $440. What is Patricia's marginal tax rate?
A) 15.00 percent
B) 14.84 percent
C) 22.00 percent
D) 25.00 percent
E) None of these
Correct Answer:
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