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A married (MFJ) taxpayer, earns $60,000 per year in taxable income and an additional $12,000 per year in city of Boston bonds. If the TP
A married (MFJ) taxpayer, earns $60,000 per year in taxable income and an additional $12,000 per year in city of Boston bonds.
If the TP earns an additional $35,000 in taxable income in year 2018, what is his marginal tax rate (rounded) on this income? (Use tax rate schedule)
A. | 17.03%
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B. | 23.00%
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C. | 18.29%
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D. | None of the choices are correct.
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E. | 22.00% |
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