USE THE FOLLOWING TAX SCHEDULE TO ANSWER THE NEXT QUESTION

question 3

Multiple Choice

USE THE FOLLOWING TAX SCHEDULE TO ANSWER THE NEXT QUESTION.

-Amanda Huggins has an adjusted gross income of $45,500 and has itemized deductions and exemptions totaling $6,700. What is Ms. Huggins' marginal tax rate?

• A) 13.3%
• B) 15.0%
• C) 15.6%
• D) 28.0%
• E) 31.0%

---

Definitions:

Benefits Promised

Guarantees or assurances given by an employer to employees, often relating to retirement, health care, or other support.

Case-by-Case Basis

A method of analysis or decision-making where each situation is considered individually, with attention to its unique aspects and details.

Substantial

Significantly valuable, large, or meaningful.

Repudiation

The rejection or refusal to acknowledge or pay a debt, obligation, or contract.