An investor who has $75,000 in taxable income purchases a building that produces another $15,000 in taxable income. According to the table below, what is the marginal tax rate? Taxable Income Marginal Tax Rate
$0 - $34,000 15%
$34,001 - $82,150 28%
Over $82,150 31%

Question

Quizplus · Accepted Answer

The investor's total taxable income is $90,000 ($75,000 + $15,000), which falls in the "Over $82,150" bracket, so the marginal tax rate is 31%.

An Investor Who Has $75,000 in Taxable Income Purchases a Building