Table 12-11
-Refer to Table 12-11. If Al has taxable income of $165,000, his marginal tax rate is
A)16%.
B)24%.
C)34%.
D)36%.

Name: Table 12-11 -Refer to Table 12-11. If Al has taxable income of $165,000, his marginal tax rate is A)16%. B)24%. C)34%. D)36%.
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Question

Table 12-11 
-Refer to Table 12-11. If Al has taxable income of $165,000, his marginal tax rate is
A)16%. 
B)24%. 
C)34%. 
D)36%.

Quizplus · Accepted Answer

The marginal tax rate is the rate at which the last dollar of income is taxed. For a taxable income of $165,000, the marginal tax rate is 36% according to the tax brackets provided in Table 12-11.

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