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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%

B.

23.00%

C.

18.29%

D.

None of the choices are correct.

E.

22.00%

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