Jessica is single and has a 2018 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 2018 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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For the 2018 tax year, a single filer with a taxable income of $199,800 falls into the 32% marginal tax bracket. Tax-exempt income does not affect the marginal tax rate.

Jessica Is Single and Has a 2018 Taxable Income of $199,800