A childless couple has a taxable income of $50,000 per year.They are in the 28 percent marginal tax bracket.Their tax must be

Name: A childless couple has a taxable income of $50,000 per year.They are in the 28 percent marginal tax bracket.Their tax must be
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Being in the 28 percent marginal tax bracket means that only the income above a certain threshold is taxed at 28%, not the entire income. Therefore, their tax must be less than 28% of $50,000, which would be $14,000.

A Childless Couple Has a Taxable Income of $50,000 Per