Marc, a Single Taxpayer, Earns $294,500 in Taxable Income and $9,050

Multiple Choice

Marc, a single taxpayer, earns $294,500 in taxable income and $9,050 in interest from an investment in city of Birmingham bonds. Using the U.S. tax rate schedule for year 2020, what is his current marginal tax rate?(Use tax rate schedule.)

A) 25.00 percent
B) 35.00 percent
C) 37.00 percent
D) 45.00 percent
E) None of the choices are correct