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 2016, what is his marginal tax rate (rounded) on this income?
A) 22.06%
B) 28.00%
C) 25.76%
D) 25.00%
E) None of these
Correct Answer:
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