Table 12-2
United States Income Tax Rates for a Single Individual, 2002 and 2003.

-Refer to Table 12-2.Surbhi is a single person whose taxable income is $150,000 a year.What is her marginal tax rate in 2003?

Question

Table 12-2
United States Income Tax Rates for a Single Individual, 2002 and 2003.
 
-Refer to Table 12-2.Surbhi is a single person whose taxable income is $150,000 a year.What is her marginal tax rate in 2003?

Quizplus · Accepted Answer

According to the table, the income tax rate for a taxable income of $150,000 in 2003 is 35%. Therefore, Surbhi's marginal tax rate is 35%.

Table 12-2 United States Income Tax Rates for a Single Individual, 2002