Table 12-2
Consider the tax rates shown in the table below.

-Refer to Table 12-2.If Mateo has taxable income of $165,000,his marginal tax rate is
A) 16%.
B) 24%.
C) 34%.
D) 36%.

Name: Table 12-2 Consider the tax rates shown in the table below. -Refer to Table 12-2.If Mateo has taxable income of $165,000,his marginal tax rate is A) 16%. B) 24%. C) 34%. D) 36%.
Brand: Quizplus
Rating: 4.9 (34 reviews)

Question

Table 12-2
Consider the tax rates shown in the table below.
 
-Refer to Table 12-2.If Mateo has taxable income of $165,000,his marginal tax rate is
A) 16%. 
B) 24%. 
C) 34%. 
D) 36%.

Quizplus · Accepted Answer

Mateo's taxable income of $165,000 falls into the tax bracket where the marginal tax rate is 36%.

Table 12-2 Consider the Tax Rates Shown in the Table Below