An individual with $400,000 taxable income has the same marginal rate as a single taxpayer or as a head of household.

Question

Quizplus · Accepted Answer

For the tax year 2021, both single taxpayers and heads of household have a marginal tax rate of 35% for taxable income above $209,425, up to $523,600. Therefore, an individual with $400,000 taxable income falls within this range and would have the same marginal rate as both single taxpayers and heads of household.

An Individual with $400,000 Taxable Income Has the Same Marginal