The Tax Rate is ... 8% 16 24 34 36 38 On Taxable Income... From $0 up to $15,000 From $15,000 up to $35,000 From $35,000 up to $75,000 From $75,000 up to $145,000 From $145,000 up to $330,000 over $330,000 Refer to Table 12-11. If Peggy has taxable income of $43,000, her marginal tax rate is a. 24%. b. 34%. c. 8%. Od. 16%.

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A:

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A: Given data:

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