Manny, a single taxpayer, earns $65,000 per year in taxable income and an additional $12,000 per...
Manny, a single taxpayer, earns $65,000 per year in taxable income and an additional $12,000 per year in city of Boston bonds. What is Manny's current marginal tax rate for 2019? (Use tax rate schedule.)
Homework Answers
| Manny is in the tax bracket $39,476 to $84,200 which is taxed at 22% |
| Manny will be in the same tax bracket for $19200 additional income(84200-65000) and $25525 additional deductions (65000-39475) |
| Manny's current marginal tax rate for 2019 = 22% |
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