Manny, a Single Taxpayer, Earns $65,000 Per Year in Taxable

question 18

Multiple Choice

Manny, a single taxpayer, earns $65,000 per year in taxable income and an additional $12,000 per year in city of Boston bonds. If Manny earns an additional $35,000 in taxable income in 2019, what is his marginal tax rate (rounded) on this income? (Use tax rate schedule.)

• A)18.01 percent
• B)22.00 percent
• C)22.90 percent
• D)24.00 percent
• E)None of the choices are correct

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Definitions:

Top Executives

Individuals who hold the highest-level management positions within an organization, responsible for making overarching decisions and setting strategic directions.

Functional Conflict

Constructive conflict.

Dysfunctional Conflict

Destructive conflict.

Assertive Behavior

A communication style in which individuals express their feelings, needs, and rights directly, openly, and honestly, while respecting others.