Marc, a Single Taxpayer, Earns $60,000 in Taxable Income and $5,000

question 21

Multiple Choice

Marc, a single taxpayer, earns $60,000 in taxable income and $5,000 in interest from an investment in city of Birmingham bonds.Using the U.S.tax rate schedule for year 2019, what is his current marginal tax rate? (Use tax rate schedule.)

• A)12.00 percent
• B)22.00 percent
• C)24.00 percent
• D)32.00 percent
• E)None of the choices are correct

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