Amy's marginal tax rate was 18 per cent last year.This means the amount she paid on the last dollar she earned in that year was:

Name: Amy's marginal tax rate was 18 per cent last year.This means the amount she paid on the last dollar she earned in that year was:
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Question

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Amy's marginal tax rate of 18% means that she paid $0.18 in taxes for every additional dollar she earned in that year. Therefore, the amount she paid on the last dollar she earned in that year was exactly $0.18.

Amy's Marginal Tax Rate Was 18 Per Cent Last Year