Table 12-2
United States Income Tax Rates for a Single Individual, 2002 and 2003.

-Refer to Table 12-2.Surbhi is a single person whose taxable income is $150,000 a year.What is her marginal tax rate in 2002?

Question

Table 12-2
United States Income Tax Rates for a Single Individual, 2002 and 2003.
 
-Refer to Table 12-2.Surbhi is a single person whose taxable income is $150,000 a year.What is her marginal tax rate in 2002?

Quizplus · Accepted Answer

According to the table, the taxable income range for a single individual in 2002 that corresponds to $150,000 is between $131,450 and $200,300. The marginal tax rate for this range is 36%.

Table 12-2 United States Income Tax Rates for a Single Individual, 2002