1. The current cost of tuition is $20,000 per year.
The cost of tuition is rising at 3.00% per year.
At this rate of inflation, how much will the cost of tuition be in 10 years?
$20,600
$26,878
$27,147
$20,806
$26,341
2. Marginal Tax Rate. What would be the marginal tax rate for a single person who has a taxable income of
(a) $31,560,
(b) $58,150
(c) $66,450, and
(d) $100,580? (Hint: Use Table 4-2.)