Question
Marginal tax rate. What would be the marginal tax rate for a single person who has a taxable income of: (Use 2019 Tax Rate Schedules)
Marginal tax rate. What would be themarginal tax ratefor a single person who has a taxable income of: (Use 2019 Tax Rate Schedules)
A marginal tax rate is the rate at which tax is incurred on an additional dollar of income. In the United States, the federal marginaltax ratefor an individual will increase as income rises. This method oftaxation, referred to asprogressive taxation, aims to tax individuals based upon their earnings, with low-income earners being taxed at a lower rate than higher income earners.
Taxable income:
https://www.bls.gov/ooh/fastest-growing.htm
Marginal tax rate (2019)
Solar photovoltaic installer, $42,680
Wind turbine service technician, $54,370
Home health aide, $24,200
Occupational therapy assistant, $60,220
Information security analyst, $98,350
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