Sunday, 24 November 2019

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

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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