Tiffany is married and filling joint returns with her husband Aris. They have $108,000 taxable income. What is their marginal tax rate? Your 2019 individual income tax brackets 2019 Individual Income Tax Rates 10 percent 12 percent 22 percent 24 percent 32 percent 35 percent 37 percent O 10% O 12% 22% 24% Single- Taxable Income 0 to 19,700 $9.701 to $19,475 $39.476 10 164,200 384,201 10 $160,725 $160,726 to 1204.100 1204301 to $510,100 $510,301 and vo Married Filing Jointly -Taxable Income 0 to $19,400 $19,401 to $70.950 $78,951 to $168.400 $168.401 to $321,450 $321451 to $408.200 1408.201 to 1 1612.350 $612,351 and Head of Household - Taxable Income 0 to $13,850 $13,851 to $52,050 $52,851 to 184,200 $84,201 to $10,700 $160,701 to 1204,100 1204,101 10 $510,300 $510.301 and up

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Tiffany is married and filling joint returns with her husband Aris. They have $108,000 taxable income. What is their marginal tax
rate?
Your 2019 individual income tax brackets
Married
2019
Individual
Income Tax
Rates
Filling Jointly
-Taxable
Income
10 percent
12 percent
22 percent
24 percent
32 percent
35 percent
37 percent
O 10%
O 12%
© 22%
O 24 %
Single-
Taxable
Income
0 to $9,700
$9.701 to
$39.475
$39.476 10
104,200
$54,201 to
$160,725
$160.726 to
1204,100
1204301 10
$510,100
$510,301 and
VOI
0 to $19,400
$19.401 to
$78.950
$78,951 to
$168.400
$168,401 to
$321,450
532145110
$408.200
1408,201 to 1
1612.350
$612,351 and
UD
Head of
Household -
Taxable
Income
0 to $13,850
$13,851 to
$52,850
$52,851 to
$84.200
$84,2010
$100,700
$160,701 to
$204,100
1204,101 10
$510,300
$510,301 and
up
Transcribed Image Text:Tiffany is married and filling joint returns with her husband Aris. They have $108,000 taxable income. What is their marginal tax rate? Your 2019 individual income tax brackets Married 2019 Individual Income Tax Rates Filling Jointly -Taxable Income 10 percent 12 percent 22 percent 24 percent 32 percent 35 percent 37 percent O 10% O 12% © 22% O 24 % Single- Taxable Income 0 to $9,700 $9.701 to $39.475 $39.476 10 104,200 $54,201 to $160,725 $160.726 to 1204,100 1204301 10 $510,100 $510,301 and VOI 0 to $19,400 $19.401 to $78.950 $78,951 to $168.400 $168,401 to $321,450 532145110 $408.200 1408,201 to 1 1612.350 $612,351 and UD Head of Household - Taxable Income 0 to $13,850 $13,851 to $52,850 $52,851 to $84.200 $84,2010 $100,700 $160,701 to $204,100 1204,101 10 $510,300 $510,301 and up
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