Manny, a Single Taxpayer, Earns $69,000 Per Year in Taxable

Multiple Choice

Manny, a single taxpayer, earns $69,000 per year in taxable income and an additional $12,400 per year in city of Boston bonds. If Manny earns an additional $39,200 in taxable income in 2020, what is his marginal tax rate on this income? (Use tax rate schedule.) (Round your final answer to two decimal places.)

A) 17.97 percent
B) 22.00 percent
C) 23.16 percent
D) 24.00 percent
E) None of the choices are correct