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Problem - Calculating Marginal Tax Rates

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Problem - Calculating Marginal Tax Rates

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 3,600

Interest on savings account 250

Rental property 900

Loan from bank 2,000

Interest on state government bonds 300

Reference no: EM132695773

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