Glen's taxable income is $50,000 and he pays income tax of $6,940. If his income were $60,000, he would pay taxes of $9,140. What is Glen's marginal tax rate?
A. 25%
B. 12%
C. 18.23%
D. 22%
E. Some other amount
Ans: D. 22%
Business
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Top executive pay in the United States:
A. is directly related to company performance. B. is justified because of the high pay of many athletes and entertainers. C. is among the highest in the world. D. is roughly twice that of CEOs in Japan.
Business
Under a full warranty, you may request a replacement or a refund after the dealer has had a reasonable number of attempts to fix the product and has failed to do so
Indicate whether the statement is true or false
Business