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What is her marginal tax rate on this income

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Question - Campbell, a single taxpayer, earns $330,000 in taxable income and $8,400 in interest from an investment in State of New York bonds. (Use the U.S. tax rate schedule).

Required -

1. If Campbell earns an additional $23,000 of taxable income, what is her marginal tax rate on this income?

2. What is her marginal rate if, instead, she had $23,000 of additional deductions?

Reference no: EM132490351

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