Jessica is single and has a 2013 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 2013 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

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Jessica's taxable income of $199,800 places her in the 33% marginal tax bracket for the year 2013 according to the IRS tax brackets for single filers. Tax-exempt income does not affect the marginal tax rate.

Jessica Is Single and Has a 2013 Taxable Income of $199,800.She