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Manny,a Single Taxpayer,earns $65,000 Per Year in Taxable Income and an Additional

question 23

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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 year 2018,what is his marginal tax rate (rounded) on this income? (Use tax rate schedule)  


Definitions:

Correlation Coefficient

A numerical measure that indicates the extent to which two variables fluctuate together.

Relationship Variables

Factors that define the nature or characteristics of interactions between entities or individuals.

Central Tendency

A statistical measure that identifies a single value as representative of an entire distribution of data, often the mean, median, or mode.

Interval Scale

A scale of measurement where the intervals between numbers on the scale are all equal in size.

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