T has a tax base of 30000 and pays a tax of 2500 on the


T has a tax base of $30,000 and pays a tax of $2500 on the first $25,000 and $750 on the next $5000. In addition to the taxable income, T also has Non-Taxable municipal bond income of $5000. What is T's marginal tax rate?

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Financial Management: T has a tax base of 30000 and pays a tax of 2500 on the
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