What is Manny's current marginal tax rate for 2021?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Manny, a single taxpayer, earns $65,600 per year in taxable income and an additional $12,060 per year in city of Boston bonds. What is Manny's current marginal tax rate for 2021? (Use tax rate schedule.)

Multiple Choice

  • 11.23 percent

  • 12.00 percent

  • 12.93 percent

  • 15.34 percent

  • None of the choices are correct.

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