Manny, a single taxpayer, earns $65,000 per year in taxable income and an additional $12,00704)per year in city of Boston bonds.If Manny earns an additional $35,000 in taxable income in year 2017, what is his marginal tax rate on this income? (Use tax rate schedule.)

Question

Quizplus · Accepted Answer

Manny's taxable income in 2017 is $65,000 + $35,000 = $100,000. His marginal tax rate on this income is 25%.

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