Jessica is single and has a 2016 taxable income of $199,800.She also received $15,000 of tax-exempt income.Jessica's marginal tax rate is:

Name: Jessica is single and has a 2016 taxable income of $199,800.She also received $15,000 of tax-exempt income.Jessica's marginal tax rate is:
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Question

Quizplus · Accepted Answer

Jessica's taxable income of $199,800 places her in the 33% marginal tax bracket for the 2016 tax year according to the IRS tax brackets for single filers. The tax-exempt income does not affect her marginal tax rate.

Jessica Is Single and Has a 2016 Taxable Income of $199,800.She