2018 Tax Schedule Personal Taxable Income. Over 9,525 38,700 82,500 157,500 200,000 But not over Marginal Tax Rate 9,525 10.00% 38,700 12.00% 82,500 22.00% 157,500 24.00% 200,000 32.00% 500,000 35.00% 500,000 37.00% Based on 2018 tax schedule shown above, the highest marginal tax rate on personal taxable income is: O a. 28.0% 063501

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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2018 Tax Schedule
Personal Taxable Income
Marginal
Tax Rate
9,525
10.00%
9,525
38,700 12.00%
38,700
82,500
22.00%
82,500
157,500
24.00%
157,500
200,000
32.00%
200,000
500,000
35.00%
500,000
37.00%
Based on 2018 tax schedule shown above, the highest marginal tax rate on personal taxable income is:
O a. 28.0%
Over
Ob 25.0%
O c. 37.0%
O d.33.0%
But not over
Transcribed Image Text:2018 Tax Schedule Personal Taxable Income Marginal Tax Rate 9,525 10.00% 9,525 38,700 12.00% 38,700 82,500 22.00% 82,500 157,500 24.00% 157,500 200,000 32.00% 200,000 500,000 35.00% 500,000 37.00% Based on 2018 tax schedule shown above, the highest marginal tax rate on personal taxable income is: O a. 28.0% Over Ob 25.0% O c. 37.0% O d.33.0% But not over
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