Table 12-1

-Refer to Table 12-1.If Andrea has $85,000 in taxable income,her marginal tax rate is
A) 15%.
B) 25%.
C) 28%.
D) 33%.

Question

Table 12-1
 
-Refer to Table 12-1.If Andrea has $85,000 in taxable income,her marginal tax rate is
A) 15%. 
B) 25%. 
C) 28%. 
D) 33%.

Quizplus · Accepted Answer

To determine the marginal tax rate for Andrea, we first need to identify which taxable income bracket she falls into. Based on the table, if Andrea has $85,000 in taxable income, she falls into the bracket for taxpayers filing as single or married filing separately with taxable income between $82,501 and $157,500. The marginal tax rate for this bracket is 28%, so the correct answer is C.

Table 12-1 -Refer to Table 12-1.If Andrea Has $85,000 in Taxable Income,her