Scenario: You are a U.S. taxpayer who had taxable income of $200,000 in 2017. You paid $49,400 in individual income taxes, and you paid 33 cents of the last dollar you earned as individual income tax.
-Refer to the above scenario.Your marginal tax rate is ________.

Question

Quizplus · Accepted Answer

The marginal tax rate is the tax rate you pay on the last dollar of income you earn. In this scenario, the taxpayer paid 33 cents on the last dollar earned, which indicates that their marginal tax rate is 33 percent.

Scenario: You Are a U