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)
A)18.29%
B)22.00%
C)23.00%
D)24.00%
E)None of the choices are correct.

Question

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) 
A)18.29%
B)22.00%
C)23.00%
D)24.00%
E)None of the choices are correct.

Quizplus · Accepted Answer

The Answer of 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) 
A)18.29%
B)22.00%
C)23.00%
D)24.00%
E)None of the choices are correct.

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