Ms.Rockefeller has an income of $200 million.If her income is in the form of wages and salary,then most of her income is taxed at __________ percent.

Question

Quizplus · Accepted Answer

The highest income tax bracket in the US for individuals is 37 percent, and Ms. Rockefeller's income would fall in that bracket. Additionally, there is a 3.8 percent tax on net investment income for individuals with over $200,000 in income, which would apply to Ms. Rockefeller's income as well, bringing the total tax rate to 40.8 percent. However, the question only asked for the percentage for wages and salary, and since investment income is not wages or salary, we can safely assume that the answer is 35 percent, which is the highest income tax rate for wages and salary in the US.

MsRockefeller Has an Income of $200 Million