If you were to face a marginal tax rate of 15 percent, how much would your tax bill increase when your income increased by $2,000?

Name: If you were to face a marginal tax rate of 15 percent, how much would your tax bill increase when your income increased by $2,000?
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Question

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If the marginal tax rate is 15%, then for every additional $100 of income, the tax bill increases by $15. Therefore, for an increase of $2,000, the tax bill would increase by 15% of $2,000, which is $300.

If You Were to Face a Marginal Tax Rate of 15