Which filing status reaches the 37% marginal rate at the lowest level of taxable income?
A)surviving spouse
B)head of household
C)married filing separately
D)married filing jointly

Question

Quizplus · Accepted Answer

Among the given options, married filing separately and single taxpayers reach the highest marginal tax rate of 37% at the lowest taxable income level of $518,401. Surviving spouse and head of household have a higher standard deduction and wider tax brackets, which means they can earn more taxable income before reaching the 37% tax bracket. Married couples filing jointly have an even larger standard deduction and wider tax brackets, making it the most beneficial filing status for tax purposes.

Which Filing Status Reaches the 37% Marginal Rate at the Lowest