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Help Seven Manny, a single taxpayer, earns $350,000 per year in taxable income and an additional $21.500 per year in city of
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Answer #1
Tax on $350000 97693 =46628+(350000-204100)*35%
Taxable income 415000 =350000+65000
Tax on $415000 120443 =46628+(415000-204100)*35%
Marginal tax rate 35.00% =(120443-97693)/65000
Option C 35.00 percent is correct
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