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 happened to her marginal tax rate between 2002 and 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 happened to her marginal tax rate between 2002 and 2003?

Quizplus · Accepted Answer

The marginal tax rate for a single person with taxable income of $150,000 decreased from 31% in 2002 to 28% in 2003.

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