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Alan and Sara Winthrop are a married couple who file a joint income tax return. They have two children, and they have legitimate itemized deductions
Alan and Sara Winthrop are a married couple who file a joint income tax return. They have two children, and they have legitimate itemized deductions totaling $26,250. Their total income from wages is $291,400. Assume the following tax table is applicable: Married Couples Filing Joint Returns What is their marginal tax rate? a. 22.0% b. 32.0% c. 12.0% d. 35.0% e. 24.0%
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