Multiple Choice
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 2017,what is his marginal tax rate on this income? (Use tax rate schedule in the text)
A) 21.89%
B) 28.00%
C) 25.69%
D) 25.00%
E) None of the choices are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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