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

question 85

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 2020, what is his marginal tax rate on this income? (Use tax rate schedule.) (Round your final answer to two decimal places.)

• A)17.64 percent
• B)22.00 percent
• C)22.83 percent
• D)24.00 percent
• E)None of the choices are correct

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