Table 12-11

-Refer to Table 12-11. If Peggy has taxable income of $43,000, her marginal tax rate is
A) 16%.
B) 8%.
C) 24%.
D) 34%.

Name: Table 12-11 -Refer to Table 12-11. If Peggy has taxable income of $43,000, her marginal tax rate is A) 16%. B) 8%. C) 24%. D) 34%.
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Question

Table 12-11
 
-Refer to Table 12-11. If Peggy has taxable income of $43,000, her marginal tax rate is
A) 16%. 
B) 8%. 
C) 24%. 
D) 34%.

Quizplus · Accepted Answer

Based on Table 12-11 and Peggy's taxable income of $43,000, her marginal tax rate falls into the $37,951-$91,900 tax bracket, which has a marginal tax rate of 24%.

Table 12-11 -Refer to Table 12-11. If Peggy Has Taxable Income of Has