Grefer to the given data. if your taxable income increases from $4,000 to $5,000, you will encounter a marginal tax rate of:

The marginal tax rate is simply the tax rate given in the income tax table. For example, if the table says that people who make up to $4999.99 pay a tax of 10% and that people who make more than $4999.99 but less than $10,000 (for example) pay a tax of 20%, then if your income increases from $4,000 to $5,000, the marginal tax rate you encounter would now be 20%. For a better understanding, notice the word marginal. In economics, this means the 'cost of one additional unit' of something. Thus, the marginal tax rate is the tax on 1 additional dollar of income.

The advantage of administering personality tests on employees is that it will allow the employer to know the mindset and personality of the employee. this will allow the employer to at least have an idea as to how the employee works and how his attitude in the workplace. the disadvantage is that it may make the employee a little anxious as to whether he would meet the personality requirements of the employer and whether he would be able to retain the job or not.