Table 12-6
The table below shows the marginal tax rates for an unmarried taxpayer for various levels of taxable income.
-Refer to Table 12-6. For this tax schedule, what is the marginal tax rate for an individual with $212,000 in taxable income?
A)0%
B)1%
C)2%
D)45%

Question

Table 12-6
The table below shows the marginal tax rates for an unmarried taxpayer for various levels of taxable income. 
-Refer to Table 12-6. For this tax schedule, what is the marginal tax rate for an individual with $212,000 in taxable income?
A)0% 
B)1% 
C)2% 
D)45%

Quizplus · Accepted Answer

From the table, we find that the marginal tax rate for taxable income from $204,101 to $510,300 is 45%. As $212,000 falls within this range, the marginal tax rate for an individual with $212,000 in taxable income is 45%.

Table 12-6 the Table Below Shows the Marginal Tax Rates for an for an Unmarried