An individual with $700,000 taxable income has the same marginal rate as a single taxpayer or as a head of household.

Name: An individual with $700,000 taxable income has the same marginal rate as a single taxpayer or as a head of household.
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Question

Quizplus · Accepted Answer

According to the 2021 tax brackets, an individual with $700,000 taxable income would fall into the highest marginal tax bracket of 37% which is the same for both single taxpayers and heads of household. Therefore, the statement is true.

An Individual with $700,000 Taxable Income Has the Same Marginal