Marc, a single taxpayer, earns $100,000 in taxable income and $10,000 in interest from an...

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Accounting

Marc, a single taxpayer, earns $100,000 in taxable income and $10,000 in interest from an investment in city of Birmingham Bonds. If Marc earned an additional $80,000, what would his 2019 marginal tax rate be on the $80,000 (rounded)? (Tax rate schedule)

Multiple Choice

  • 25.93%

  • 22.00%

  • 24.00%

  • 32.00%

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