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

-Refer to Table 12-12.Charles is a single person whose taxable income is $35,000 a year.What is his marginal tax rate in 2002?

Question

Table 12-12
United States Income Tax Rates for a Single Individual,2002 and 2003.
 
-Refer to Table 12-12.Charles is a single person whose taxable income is $35,000 a year.What is his marginal tax rate in 2002?

Quizplus · Accepted Answer

Based on the table, Charles falls into the income range of $27,050 to $65,550, which has a marginal tax rate of 28% in 2002.

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