The federal income tax rate for those making over $357,000 is 35 percent,which means that a family whose taxable income is over $357,000 will pay ______.

Question

Quizplus · Accepted Answer

The correct answer is B because the U.S. federal income tax system is progressive, meaning that income is taxed in layers, with different portions of income taxed at increasing rates. For a family making over $357,000, only the income above this threshold is taxed at the 35 percent rate, while the income below this threshold is taxed at lower rates according to the applicable tax brackets.

The Federal Income Tax Rate for Those Making Over $357,000