Table 12-5
-Refer to Table 12-5. What is the marginal tax rate for a person who makes $37,000?
A)9.25%
B)20%
C)25%
D)40%

Name: Table 12-5 -Refer to Table 12-5. What is the marginal tax rate for a person who makes $37,000? A)9.25% B)20% C)25% D)40%
Brand: Quizplus
Rating: 4.9 (32 reviews)

Question

Table 12-5 
-Refer to Table 12-5. What is the marginal tax rate for a person who makes $37,000?
A)9.25% 
B)20% 
C)25% 
D)40%

Quizplus · Accepted Answer

The marginal tax rate for a person making $37,000 is found in the row labeled "Between $32,000 and $56,000" which has a marginal tax rate of 20%. Therefore, choice B is the correct answer.

Table 12-5 -Refer to Table 12-5. What Is the Marginal Tax Rate