Table 12-11
-Refer to Table 12-11. If Peggy has taxable income of $43,000, her marginal tax rate is
A)8%.
B)16%.
C)24%.
D)34%.

Name: Table 12-11 -Refer to Table 12-11. If Peggy has taxable income of $43,000, her marginal tax rate is A)8%. B)16%. C)24%. D)34%.
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Question

Table 12-11 
-Refer to Table 12-11. If Peggy has taxable income of $43,000, her marginal tax rate is
A)8%. 
B)16%. 
C)24%. 
D)34%.

Quizplus · Accepted Answer

Table 12-11 shows that if taxable income is between $38,700 and $82,500, the marginal tax rate is 24%. Therefore, Peggy's marginal tax rate is 24%.

Table 12-11 -Refer to Table 12-11. If Peggy Has Taxable Income of Taxable