the average tax on a professor's income of $100,000 is 18%, and the marginal tax rate above $100,000 is 45%. if the professor teaches during the summer and earns an additional $10,000 (bringing her total earnings for the year to $110,000), how much of the summer income does she keep after paying taxes? $5,500 $1,800 $4,500 $6,300

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04-11-2022
Business

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the average tax on a professor's income of $100,000 is 18%, and the marginal tax rate above $100,000 is 45%. if the professor teaches during the summer and earns an additional $10,000 (bringing her total earnings for the year to $110,000), how much of the summer income does she keep after paying taxes? $5,500 $1,800 $4,500 $6,300

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