A 35 Percent Tax Is Assessed on Income in Excess

Multiple Choice

A 35 percent tax is assessed on income in excess of specified levels.Which of the following is not true of the 35 percent bracket?

A) The 35 percent bracket applies to unlimited amounts of income over the specified levels.
B) The level at which a head of household encounters the 35 percent bracket is the same as that for a single individual.
C) The fact that a taxpayer reaches the 35 percent bracket does not affect the amount of tax paid on the income in lower tax brackets.
D) The 35 percent bracket applies to all types or characters of income.