Table 12-10
-Refer to Table 12-10. If Willie has $170,000 in taxable income, his marginal tax rate is
A)25%.
B)28%.
C)33%.
D)35%.

Name: Table 12-10 -Refer to Table 12-10. If Willie has $170,000 in taxable income, his marginal tax rate is A)25%. B)28%. C)33%. D)35%.
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Question

Table 12-10 
-Refer to Table 12-10. If Willie has $170,000 in taxable income, his marginal tax rate is
A)25%. 
B)28%. 
C)33%. 
D)35%.

Quizplus · Accepted Answer

The marginal tax rate is the rate applied to the last dollar of income. For taxable income of $170,000, the marginal tax rate falls within the 28% bracket according to the tax table.

Table 12-10 -Refer to Table 12-10. If Willie Has $170,000 in Taxable