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8% 0 - 15,000 16% 15,000 - 35,000 24% 35,000 - 75,000 34% 75,000 - 145,000 36% 145,000 - 330,000 38% over 330,000 Refer to

8% 0 - 15,000 16% 15,000 - 35,000 24% 35,000 - 75,000 34% 75,000 - 145,000 36% 145,000 - 330,000 38% over 330,000 Refer to Table 12-2. If Noah has taxable income of $43,000, his marginal tax rate is a. 8%. b. 24%. c. 34%. d. 16%

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