Question: Answer = 22% Marginal tax is the highest effective tax rate for your taxable income. Here you will be charge tax of 22% for the
Answer = 22%
Marginal tax is the highest effective tax rate for your taxable income. Here you will be charge tax of 22% for the income $40,000 to $50,000. So 22% is the highest effective tax rate here, and it is the marginal tax.
All other answers are wrong because they aren't the highest effective tax rates.
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If you have any doubt, feel free to ask me. Consider upvoting the answer, it will help me a lot.
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