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Lacey Hansen is single and received the items and amounts of income shown below during 2018, as shown below. Determine the marginal tax rate applicable
- Lacey Hansen is single and received the items and amounts of income shown below during 2018, as shown below. Determine the marginal tax rate applicable to each item. Note that if the item is not taxable, the marginal rate is 0.
Salary | $30,000 |
dividends | 800 |
Gift from mother | 500 |
Child support from ex-husband | 3600 |
Interest on savings account | 250 |
Rental property | 900 |
Loan from bank | 2000 |
Interest on state government bonds | 300 |
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