Table 12-7
The following table shows the marginal tax rates for unmarried individuals for two years.
-Refer to Table 12-7. For an individual who earned $80,000 in both years, which of the following statements is true regarding the individual's marginal tax rate?
A)The marginal tax rate is higher in 2010 than in 2009.
B)The marginal tax rate is the same in 2010 as it was in 2009.
C)The marginal tax rate is lower in 2010 than in 2009.
D)With a proportional tax, as in 2010, it is not possible to determine the individual's marginal tax rate so it is not possible to compare the marginal tax rates in the two years.

Question

Table 12-7
The following table shows the marginal tax rates for unmarried individuals for two years. 
-Refer to Table 12-7. For an individual who earned $80,000 in both years, which of the following statements is true regarding the individual's marginal tax rate?
A)The marginal tax rate is higher in 2010 than in 2009. 
B)The marginal tax rate is the same in 2010 as it was in 2009. 
C)The marginal tax rate is lower in 2010 than in 2009. 
D)With a proportional tax, as in 2010, it is not possible to determine the individual's marginal tax rate so it is not possible to compare the marginal tax rates in the two years.

Quizplus · Accepted Answer

According to Table 12-7, for an individual who earned $80,000 in both years, the marginal tax rate in 2009 is 25% and in 2010 is 24%. Therefore, the individual's marginal tax rate is lower in 2010 than in 2009.

Table 12-7 The Following Table Shows the Marginal Tax Rates for Unmarried