USE THE TAX TABLE PROVIDED BELOW FOR THE FOLLOWING PROBLEM(S)

question 10

Multiple Choice

USE THE TAX TABLE PROVIDED BELOW FOR THE FOLLOWING PROBLEM(S)

-Refer to Exhibit 2.1. What is the marginal tax rate for a single individual with taxable income of $85,000?

• A) 15%
• B) 25%
• C) 28%
• D) 33%
• E) 35%