Table 12-5
-Refer to Table 12-5. What is the marginal tax rate for a person who makes $37,000?

Name: Table 12-5 -Refer to Table 12-5. What is the marginal tax rate for a person who makes $37,000?
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Question

Table 12-5 
-Refer to Table 12-5. What is the marginal tax rate for a person who makes $37,000?

Quizplus · Accepted Answer

To find the marginal tax rate, we look at the tax bracket the income of $37,000 falls into. In this case, it is the third bracket with a tax rate of 9.25%. Therefore, the correct answer is B.

Table 12-5 -Refer to Table 12-5. What Is the Marginal Tax Rate