Marc, a single taxpayer, earns $64,600 in taxable income and $5,460 in interest from an investment in city of Birmingham bonds. Using the U.S. tax rate schedule for 2020, what is his average tax rate? (Round your final answer to two decimal places.)(Use tax rate schedule.)

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Marc's taxable income is $64,600. The tax on this amount is $9,694. His interest income is $5,460. The tax on this amount is $0. Marc's total tax is $9,694. His average tax rate is $9,694 / $70,060 = 13.84%.

Marc, a Single Taxpayer, Earns $64,600 in Taxable Income and $5,460