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    Public Finance Math Problem

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    Suppose you currently earn taxable income of $100,000 per year. You are subject to an MTR of 50%. Currently, your ATR is 35 percent. Calculate your annual tax. Calculate the extra tax that you would pay per year if your annual income increased to $110,000. What is your ATR when your annual income is $110,000?

    © BrainMass Inc. brainmass.com October 10, 2019, 1:12 am ad1c9bdddf
    https://brainmass.com/economics/public-finance/public-finance-math-problem-325398

    Solution Preview

    Your average tax rate is 35%, you earn $100,000, therefore your pay $35,000 in ...

    $2.19