The Nation of Taxylvania uses a bracketed income tax system. The tax brackets are listed below. Use this information to answer the next three questions. Round your answers to the nearest whole dollar.
income tax rate
0-14,999 10%
15,000-39,999 15%
40,000 and over 20%
earn 100,000 per year
What is your marginal tax rate? Round your answer to two decimal places.