Question: 32% since that would be the rate if she had earned another dolllar Luna Lovegood is single and had $189,000 in taxable income. Using the
32% since that would be the rate if she had earned another dolllar
Luna Lovegood is single and had $189,000 in taxable income. Using the rates in the table below, what is her marginal tax rate? Do not round intermediate calculations and round your answer to the nearest whole number (e.g., 32) Taxable Income Tax Rate $0 - 9,525 10% $9,525 - 38,700 12% 22% $38,700 - 82,500 $82,500 - 157,500 $157,500 - 200,00 24% 32% $200,000 - 500,000 35% $500,000+ 37%
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
