25. Alan earns $85,000 per year and is considering a second job that would earn him another $10,000 annually. At what rate will his tax liability (the amount he must pay in taxes) change if he takes the extra job? Express your answer in tax dollars paid per dollar earned.

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter1: Federal Income Taxation—an Overview
Section: Chapter Questions
Problem 44P
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25. Alan earns $85,000 per year and is considering a second
job that would earn him another $10,000 annually. At
what rate will his tax liability (the amount he must pay
in taxes) change if he takes the extra job? Express your
answer in tax dollars paid per dollar earned.
Transcribed Image Text:25. Alan earns $85,000 per year and is considering a second job that would earn him another $10,000 annually. At what rate will his tax liability (the amount he must pay in taxes) change if he takes the extra job? Express your answer in tax dollars paid per dollar earned.
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