discussn post, can i get a response to it

Class, Taxable income refers to the income you received that is subject to a tax. In most cases the income you receive from a job is subject to a tax and that is based on a marginal tax rate. The marginal tax rate is basically a tax rate that increases when you get into the next bracket of income, but only the income within the bracket is taxed at that rate. 10% is the rate from 0 - 9950 as of 2022, so only income up to 9950 is taxed at 10%. This marginal tax rate leads into the effective tax rate, which after calculating the income taxes, you divide that by the total taxable income to get the effective rate which is an estimation of what percentage of your income is going to taxes. If you have more than one taxable income stream, it is a good idea to find excel files or programs that calculate the effective tax rate so that you have an idea if you will owe more taxes the following year or if you will be owed more! References