Table 12-3
-Refer to Table 12-3. What is the marginal tax rate for a person who makes $35,000?
A)20%
B)30%
C)40%
D)50%

Name: Table 12-3 -Refer to Table 12-3. What is the marginal tax rate for a person who makes $35,000? A)20% B)30% C)40% D)50%
Brand: Quizplus
Rating: 4.8 (33 reviews)

Question

Table 12-3 
-Refer to Table 12-3. What is the marginal tax rate for a person who makes $35,000?
A)20% 
B)30% 
C)40% 
D)50%

Quizplus · Accepted Answer

The marginal tax rate is the rate at which the last dollar of income is taxed. Based on the given options, 20% is the correct marginal tax rate for a person earning $35,000.

Table 12-3 -Refer to Table 12-3. What Is the Marginal Tax Rate