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Joan Sanchez Is Single and Earns $40,000 in Taxable Income

Question 67

Multiple Choice

Joan Sanchez is single and earns $40,000 in taxable income.She uses the following tax rate schedule to calculate the taxes she owes. Joan Sanchez is single and earns $40,000 in taxable income.She uses the following tax rate schedule to calculate the taxes she owes. What is Joan's marginal tax rate? A) 10% B) 12% C) 22% D) 24% E) between 10% and 12% What is Joan's marginal tax rate?


A) 10%
B) 12%
C) 22%
D) 24%
E) between 10% and 12%

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