Use the following to answer questions :
-The marginal tax rate displayed by the tax schedule recorded in the table above is:

Question

Use the following to answer questions : 
-The marginal tax rate displayed by the tax schedule recorded in the table above is:

Quizplus · Accepted Answer

The tax schedule indicates that income up to 50,000 is taxed at a rate of 0 percent, income from 50,001 to 100,000 is taxed at a rate of 50 percent, and income over 100,000 is taxed at a rate of 100 percent. Therefore, the marginal tax rate for income between 50,001 and 100,000 is 50 percent.

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