Table 12-5

-Refer to Table 12-5.What is the marginal tax rate for a person who makes $35,000?
A) 20%
B) 30%
C) 40%
D) 50%

Name: Table 12-5 -Refer to Table 12-5.What is the marginal tax rate for a person who makes $35,000? A) 20% B) 30% C) 40% D) 50%
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Question

Table 12-5
 
-Refer to Table 12-5.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 percentage of tax applied to the last dollar earned. Without the specific table, we assume the marginal tax rate for $35,000 is 20% based on typical tax bracket structures.

Table 12-5 -Refer to Table 12-5.What Is the Marginal Tax Rate for Marginal