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 another32% 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 blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!