Manny, a Single Taxpayer, Earns $69,600 Per Year in Taxable

question 75

Multiple Choice

Manny, a single taxpayer, earns $69,600 per year in taxable income and an additional $12,460 per year in city of Boston bonds. What is Manny's current marginal tax rate for 2020? (Use tax rate schedule.)

• A)10.24 percent
• B)12.00 percent
• C)12.18 percent
• D)14.41 percent
• E)35 percent

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