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

question 130

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. What is Manny's current marginal tax rate for 2020? (Use tax rate schedule.)

• A)11.39 percent
• B)12.00 percent
• C)13.10 percent
• D)15.52 percent
• E)None of the choices are correct.

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Definitions:

Double Helix

is the structure of DNA, consisting of two strands that wind around each other, resembling a twisted ladder.

Dizygotic

Referring to twins that are formed from two separate eggs fertilized by two different sperm cells, resulting in genetically distinct siblings.

Twins Produced

The result of a pregnancy that yields two offspring at the same birth, either identical or fraternal.

Double Helix

The structure formed by double-stranded molecules of nucleic acids, such as DNA, characterized by a spiral shape.