Alan and Sara Winthrop are a married couple who file a joint income tax return.They have two children,and they have legitimate itemized deductions totaling $25,750.Their total income from wages is $251,400.Assume the following tax table is applicable: Married Couples Filing Joint Returns
What is their marginal tax rate?
A) 32.0%
B) 35.0%
C) 10.0%
D) 24.0%
E) 12.0%
Correct Answer:
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