Table 12-7

-Refer to Table 12-7.What is the marginal tax rate for a person who makes $37,000?
A) 9.25%
B) 20%
C) 25%
D) 40%

Name: Table 12-7 -Refer to Table 12-7.What is the marginal tax rate for a person who makes $37,000? A) 9.25% B) 20% C) 25% D) 40%
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Question

Table 12-7
 
-Refer to Table 12-7.What is the marginal tax rate for a person who makes $37,000?
A) 9.25% 
B) 20% 
C) 25% 
D) 40%

Quizplus · Accepted Answer

Based on the table, the marginal tax rate for a person making $37,000 is 20%. This means that of the additional income earned, 20% will be paid towards taxes. Therefore, option B is the correct answer.

Table 12-7 -Refer to Table 12-7.What Is the Marginal Tax Rate for Marginal