Refer to the following table to answer the questions that follow.

-Using the table,what is the marginal income tax rate of a $5,000 raise for someone who currently makes $85,650 per year?

Question

Refer to the following table to answer the questions that follow.
 
-Using the table,what is the marginal income tax rate of a $5,000 raise for someone who currently makes $85,650 per year?

Quizplus · Accepted Answer

The marginal income tax rate for someone making $85,650 is 25%. A $5,000 raise would push them into the next tax bracket, where the marginal income tax rate is 28%. Therefore, the answer is D.

Refer to the Following Table to Answer the Questions That