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Government G levies an income tax with the following rate structure:
Percentage Rate Bracket
6 % Income from 0 to $30,000
10 Income from $30,001 to $70,000
20 Income from $70,001 to $200,000
28 Income in excess of $200,000
Taxpayer As taxable income is $190,700. Compute As tax and average tax rate. What is As marginal tax rate?
Taxpayer Bs taxable income is $762,200. Compute Bs tax and average tax rate. What is Bs marginal tax rate?
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