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 2019, what is his marginal tax rate (rounded)on this income? (Use tax rate schedule.)
A)18.01 percent
B)22.00 percent
C)22.90 percent
D)24.00 percent
E)None of the choices are correct

Question

Quizplus · Accepted Answer

Manny's taxable income is $65,000 + $35,000 = $100,000. His marginal tax rate is 22.90%.

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