Science:Math Exam Resources/Courses/MATH100 C/December 2024/Question 12 (a)/Solution 1
Appearance
If someone with an income of (i.e., $10,000) earns one additional dollar, then the amount of tax they pay increases by approximately of a dollar.
In other words, represents the marginal tax rate at an income of $10,000: for each extra dollar earned, about dollars is paid in taxes.