Question
1) If Leonardo earned an additional $30,000 of taxable income this year, what would be the marginal tax rate (rounded) on the extra income for
1) If Leonardo earned an additional $30,000 of taxable income this year, what would be the marginal tax rate (rounded) on the extra income for 2019? (Use tax rate schedule.)
A) 22.00 percent
B) 18.81 percent
C) 24.00 percent
D) 23.72 percent
E) None of the choices are correct
2) . Marc, a single taxpayer, earns $60,000 in taxable income and $5,000 in interest from an investment in city of Birmingham bonds. Using the U.S. tax rate schedule for 2019, how much federal tax will he owe? (Round your final answer to the nearest whole dollar.) (Use tax rate schedule.)
A) $13,200
B) $9,059
C) $7,638
D) $6,812
E) None of the choices are
correct
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