An individual with $500,000 taxable income has the same marginal rate as a single taxpayer or as a head of household.

Question

Quizplus · Accepted Answer

The marginal tax rates for single taxpayers and heads of household are the same for income levels up to $518,400 for the tax year 2020. Therefore, if an individual has a taxable income of $500,000, they would have the same marginal tax rate whether they file as a single taxpayer or head of household.

An Individual with $500,000 Taxable Income Has the Same Marginal