Daniel is a single with taxable income of $40,000 in 2018. What is his marginal tax rate?
A) 10%
B) 12%
C) 22%
D) 24%

Name: Daniel is a single with taxable income of $40,000 in 2018. What is his marginal tax rate? A) 10% B) 12% C) 22% D) 24%
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Quizplus · Accepted Answer

According to the 2018 tax bracket, taxpayers with taxable income between $38,701 and $82,500 have a marginal tax rate of 22%. Given that Daniel's taxable income of $40,000 falls within this bracket, his marginal tax rate would be 22%.

Daniel Is a Single with Taxable Income of $40,000 in 2018