Table 12-4
-Refer to Table 12-4. What is the marginal tax rate for a person who makes $35,000?

Name: Table 12-4 -Refer to Table 12-4. What is the marginal tax rate for a person who makes $35,000?
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Question

Table 12-4 
-Refer to Table 12-4. What is the marginal tax rate for a person who makes $35,000?

Quizplus · Accepted Answer

The marginal tax rate is the rate at which the last dollar of income is taxed. Without the specific table, it's assumed that $35,000 falls into the 25% tax bracket based on typical tax structures.

Table 12-4 -Refer to Table 12-4. What Is the Marginal Tax Rate