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Maureen Smith is a single individual. She claims a standard deduction of $12,400. Her salary for the year was $188,000. Assume the following tax table

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Maureen Smith is a single individual. She claims a standard deduction of $12,400. Her salary for the year was $188,000. Assume the following tax table is applicable. Single Individuals If Your Taxable Income Is Up to $9,875 $9,875-$38,700 You Pay This Amount on the Base of the Bracket Base $0.00 987.50 $40,125-$85,525 4,617.50 Over $518,400 $85,525-$163,300 14,605.50 $163,300-$207,350 33,271.50 $207,350-$518,400 47,367.50 156,235.00 Plus This Percentage Average Tax on the Excess over the Rate at What is her marginal tax rate? 10.0% 12.0 22.0 24.0 32.0 35.0 37.0 Top of Bracket 10.0% 11.5 17.1 20.4 22.8 30.1 37.0

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