Multiple Choice
Manny, a single taxpayer, earns $70,000 per year in taxable income and an additional $12,500 per year in city of Boston bonds. What is Manny's current marginal tax rate for 2020? (Use tax rate schedule.)
A) 10.14 percent
B) 12.00 percent
C) 12.10 percent
D) 14.31 percent
E) 35 percent
Correct Answer:
Verified
Correct Answer:
Verified
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