Joanne Sanchez is single and earns $40,000 in taxable income. She uses the following tax rate schedule

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Joanne Sanchez is single and earns $40,000 in taxable income. She uses the following tax rate schedule to calculate the taxes she owes.

Up to $9.525 10%

$9,525-$38,700 12%

$38,700-$82,500 22%

$82,500-$157,500 24%

calculate what's Joanne's marginal tax rate?

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Apr 07, 2023 02:21 AM

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Joanne Sanchez is single and earns $40,000 in taxable income. She uses the following tax rate schedule

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Income Tax Fundamentals 2013

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